Stryve Foods Inc Stock Price, News & Analysis

Stryve Foods (NASDAQ: SNAX), a premium air-dried meat snacks brand, has partnered with Folds of Honor, a nonprofit providing scholarships to families of fallen and disabled service members. This collaboration aims to raise awareness and support scholarship funding, having awarded over 35,000 since 2007, with 91% of funds going directly to scholarships. Stryve Foods will display the Folds of Honor badge on its packaging to promote this cause. This partnership demonstrates Stryve's commitment to social responsibility while enhancing its brand visibility.

Stryve Foods (NASDAQ: SNAX), a leader in the healthy snack industry, announced that CEO Chris Boever and CFO Alex Hawkins will present at the Midwest IDEAS Investor Conference on August 25, 2022, at 8:45 AM CT in Chicago, IL. The presentation will be accessible via the conference's main website and Stryve's investor relations page. Stryve specializes in air-dried meat snacks that are lower in sugar and carbohydrates while being higher in protein compared to traditional snacks. The company's mission is to promote healthier eating habits across America.

Stryve Foods, Inc. (SNAX) reported a record second quarter revenue of $10.9 million, up 49% year-over-year. However, the company faced significant challenges, experiencing a net loss of $16.4 million and negative gross profits of $4.4 million due to a costly promotional program. The full-year revenue guidance has been adjusted to between $35 million and $37 million. Despite these setbacks, leadership changes and a restructuring plan aim to enhance profitability, with expectations for a positive inflection in earnings during the first half of 2023.

Stryve Foods, Inc. (NASDAQ: SNAX) announced it will release its fiscal 2022 second quarter results on August 15, 2022, before market opening. A conference call is set for 10:00 AM ET that same day. Stryve is known for its air-dried meat snacks, emphasizing healthier options with zero grams of sugar and higher protein content compared to traditional snacks. Its products cater to health-conscious consumers and are available through various retail channels and e-commerce platforms.

Stryve Foods, Inc. (NASDAQ: SNAX) reported a net sales increase of 8.6% year-over-year, totaling $7.4 million for Q1 2022, with wholesale sales surging 85%. Despite a net loss of $7.3 million or $0.25 per share, this marked an improvement from a loss of $11.9 million in the previous quarter. Operating expenses decreased by 33% to $8.3 million. The company retains a strong balance sheet with $28 million in net working capital and minimal debt, reaffirming FY 2022 net sales guidance of $43-$48 million.

Stryve Foods, Inc. (NASDAQ: SNAX) announced leadership changes, appointing Christopher Boever as CEO effective May 23, 2022. Boever brings over 30 years of experience in the consumer packaged goods sector, previously holding key roles at Hain Celestial, Pinnacle Foods, ConAgra Brands, and Hormel. Joe Oblas transitions to Chief Growth Officer, emphasizing continued innovation and growth. This succession plan aims to ensure stability and drive the company's growth in the competitive healthy snack market, which focuses on delivering high-protein, low-sugar products.

Stryve Foods (NASDAQ: SNAX) is set to release its Q1 2022 financial results on May 12, 2022, after market close. Following this, Co-Founder and CEO Joe Oblas and CFO Alex Hawkins will host a conference call at 4:30 PM Eastern Time. Investors can access the call via phone or through a webcast available on the company's investor relations website. Stryve focuses on healthy snacking options, particularly air-dried meat snacks that are low in sugar and high in protein, aimed at disrupting traditional consumer packaged goods.

Stryve Foods, Inc. (NASDAQ: SNAX) released its Q4 and FY 2021 results, marking its debut Quarterly Shareholder Report. CEO Joe Oblas expressed enthusiasm for enhanced communication with shareholders. The report highlights financial outcomes, distribution achievements, strategic innovations, and preliminary guidance for 2022. Stryve focuses on providing healthy snacking options, primarily through air-dried meat products free of sugar and preservatives. A conference call is scheduled today at 4:30 PM ET for further discussions with investors.

Stryve Foods (NASDAQ: SNAX), a leader in the healthy snacking sector, will host a conference call on March 28, 2022, at 4:30 PM ET to discuss its fourth quarter and full year financial results for 2021. A press release detailing these results will be made available the same day after market close. Key executives, including Joe Oblas and Alex Hawkins, will lead the call, accessible by phone or via a live webcast on the company's website. Stryve specializes in air-dried meat snacks, with a mission to promote healthier eating.