Welcome to our dedicated page for Stryve Foods news (Ticker: SNAX), a resource for investors and traders seeking the latest updates and insights on Stryve Foods stock.
Stryve Foods, Inc. (SNAX) generates a steady flow of news as it develops its position in the high-protein, better-for-you snacking and pet treat markets. Company announcements highlight its focus on premium, air-dried meat snacks under the Stryve, Kalahari, Braaitime, and Vacadillos brands, as well as human-grade pet treats marketed under names such as Two Tails, High Steaks, and Primal Paws. These updates provide insight into how the company is managing growth, distribution, and financial resources.
News coverage for Stryve often centers on product innovation and brand expansion, including the launch of new air-dried meat snack items, flavor extensions, and grass-fed offerings designed to meet demand for high-protein, clean-label snacks. Releases also describe the nutritional positioning of Stryve’s products, which the company characterizes as lower in sugar and carbohydrates and higher in protein than many traditional snacks, with Keto and Paleo-friendly profiles.
Another key theme in Stryve’s news is distribution and logistics. The company has announced new retail placements with grocery, convenience, and specialty chains, as well as expanded distribution with existing partners. It has also disclosed a strategic partnership with Dot Foods, which is intended to streamline operations, enhance service levels for retail partners, and support nationwide distribution of its brands.
Investors and observers will also find financial and strategic updates in Stryve’s news releases, including preliminary financial results, equity offerings, preferred stock transactions used to retire debt, and a formal review of strategic alternatives that may involve strategic investments, business combinations, or asset sales. Together, these news items offer a detailed view of how Stryve is pursuing growth, addressing working capital constraints, and responding to demand for high-protein, air-dried meat snacks and pet treats. For ongoing context, readers can review this news feed to follow developments in the company’s operations, capital structure, and distribution footprint.
Stryve Foods (NASDAQ: SNAX) has announced two major developments: a strategic partnership with Dot Foods, North America's largest food industry redistributor, starting November 2024, and new chainwide distribution with a major national retailer beginning Q1 2025. The Dot Foods partnership aims to streamline operations, improve service levels, and optimize lead times. The new retail distribution agreement will expand Stryve's presence to thousands of new locations across the United States. These developments support Stryve's strategy to increase the availability of its air-dried meat snack brands, including Stryve, Vacadillos, and Kalahari.
Stryve Foods, Inc. (NASDAQ: SNAX) announced new and expanded distribution with major retailers, including BJ's Wholesale Club. This follows a successful product rotation in Costco's Southeast Region during Q2. The company secured new distribution with retailers like Circle K Coastal, Wawa, and Lowe's Grocery, while expanding presence with existing partners such as Sprouts and CVS.
Preliminary Q3 2024 metrics indicate expected net sales growth of 30% to 35% year-over-year, driven by increased retail consumption. However, supply was constrained due to working capital limitations. Stryve anticipates significant year-over-year improvement in gross margin despite higher beef prices.
CEO Chris Boever expressed confidence in the company's strategy and product offerings, citing strong sales growth and margin improvement as key components of their path to profitability. Stryve's air-dried snacks, with zero sugar and high protein content, continue to resonate with health-conscious consumers.
Stryve Foods, Inc. (NASDAQ: SNAX) has announced the launch of High Steaks, a new brand of high-quality, high-protein, human-grade pet treats. Known for their air-dried meat snacks, Stryve is now entering the pet category with treats featuring real, air-dried beef as the primary ingredient. High Steaks offers treats with 0g sugar and simple ingredients, designed for active and healthy dogs.
The treats come in flavors including beef, beef + liver, and beef + sweet potato. They contain no artificial additives, fillers, or preservatives. High Steaks will be available for purchase on the company's website starting in October 2024, with plans to secure retail distribution in the coming quarters.
Stryve Foods, Inc. (NASDAQ: SNAX) reported strong Q2 2024 results, showing significant improvements in key financial metrics. Net sales reached $6.2 million, up 3.0% year-over-year and 34.4% sequentially. Gross margin expanded to 27.4%, a substantial increase from 17.5% in Q2 2023. The company achieved its lowest Adjusted EBITDA loss in history, improving by 34.8% year-over-year.
Stryve updated its FY2024 net sales guidance to $23-$26 million, projecting 30.0% to 46.9% growth year-over-year. The company's transformation strategy focuses on driving profitable volumes, operational efficiency, and cost management. Stryve closed approximately $3.0 million in convertible promissory notes during Q2 to fund working capital needs for new distribution.
Stryve Foods, Inc. (NASDAQ: SNAX), a healthy snack company and leader in air-dried meat snacks, has announced the timing for its fiscal 2024 second quarter results. The company will release its results on Wednesday, August 14, 2024, after market close, followed by a conference call at 4:30 pm EDT the same day.
Investors can join the call by phone at 1-800-717-1738 or 1-646-307-1865, or via webcast at the company's investor relations website. A replay will be available until August 28, 2024, by dialing 1-844-512-2921 or 1-412-317-6671 with PIN 1111896#. The webcast archive will also be accessible on the corporate website shortly after the call concludes.
Stryve Foods (NASDAQ: SNAX), a pioneer in healthy protein snacks, has appointed Kevin Vivian as the new Chairman of the Board, effective immediately. Vivian, a former Senior VP at Frito-Lay with 32 years at PepsiCo, will lead Stryve toward profitability. CEO Chris Boever highlighted outgoing Chairman Ted Casey's strategic impact, especially in manufacturing and brand growth. Vivian's extensive experience in consumer goods and sales growth is expected to drive Stryve's next phase. The company, focusing on quality growth and profitability, values the foundation laid by Casey and looks forward to Vivian’s leadership to achieve strategic goals and shareholder value.
Stryve Foods (NASDAQ: SNAX) reported its fiscal 2024 first-quarter results, highlighting a 23.2% year-over-year increase in retail sales velocity and a 35.2% improvement in adjusted EBITDA loss. Net sales for Q1 stood at $4.6 million, flat compared to the previous year, with a gross profit of $1.0 million, despite higher commodity costs.
The company's strategic focus on quality core revenue streams and cost structure improvements resulted in an operating loss reduction to $3.0 million from $4.2 million year over year. Net loss improved to $3.9 million or $1.42 per share, from $4.6 million or $2.23 per share in Q1 2023. Adjusted EBITDA loss also narrowed to $2.3 million from $3.5 million a year ago. The company reiterated its fiscal 2024 net sales guidance of $24 million to $30 million.
Stryve secured $1.6 million in convertible bridge notes in April 2024 to support its working capital. CEO Chris Boever emphasized the company's progress and future growth, particularly in healthier, high-protein snacks.
Stryve Foods, Inc. (NASDAQ: SNAX), a leader in the air-dried meat snack industry in the US, will release its fiscal 2024 first-quarter results on May 14, 2024. The company disrupts traditional CPG categories and plans a conference call at 4:30 pm EDT the same day.
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