Welcome to our dedicated page for Starco Brands news (Ticker: $STCB), a resource for investors and traders seeking the latest updates and insights on Starco Brands stock.
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Starco Brands (STCB) expands the retail presence of Whipshots®, a vodka-infused whipped cream, to Maine, Mississippi, and New Hampshire, reaching 41 states. The product has gained popularity since its national debut in February 2022, offering unique flavors and 10% Alc./Vol. Whipshots is now available online and aims to cater to a wider customer base through strategic partnerships.
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7.69%
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Starco Brands (STCB) announced the launch of Skylar’s Boardwalk Delight Hair & Body Mist, a convenient and sustainable fine fragrance for hair and body. The product, made with 30% recycled materials, is priced at $30 and is available for purchase on skylar.com, sephora.com, and in Sephora stores. The company aims to tap into the rapidly growing global hair and body mist market, projecting to surpass USD 19,018.32 million by 2030. Skylar is known for its commitment to sustainability and well-being, and the new offering is designed to allow enthusiasts to carry their beloved scent wherever they go. The CEO of Starco Brands, Ross Sklar, expressed excitement about the expansion of the product line and the company's strategic vision and commitment to innovation.
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6.38%
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Starco Brands, Inc. has been invited to present at the Emerging Growth Conference to discuss the achieved guidance for fiscal year 2023 and the expected growth in fiscal year 2024. The company expects a significant increase in net revenue and Adjusted EBITDA for both years, with a 10-fold increase in net revenue to $70 million and a 160% increase in Adjusted EBITDA to $7 million for fiscal year 2023. For fiscal year 2024, the company guides for net revenue of $78 million to $82 million and Adjusted EBITDA of $8 million to $10 million. Existing shareholders and the investment community will have the opportunity to interact with the Company’s Chairman & CEO, Ross Sklar, during the live, interactive online event.
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-6%
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Starco Brands, Inc. expects to achieve a 10-fold increase in net revenue for fiscal year 2023, reaching $70 million, and a 160% increase in Adjusted EBITDA to $7 million. The company also projects net revenue for fiscal year 2024 to be in the range of $78 million to $82 million and Adjusted EBITDA to be in the range of $8 million to $10 million. The Chairman & CEO emphasized the focus on M&A integrations, operational efficiencies, and cost savings, leading to robust growth strategies and new product launches. The company aims to continue profitable growth in 2024 and solidify its position as a consumer packaged goods powerhouse.
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Starco Brands, Inc. (OTCQB: STCB) has launched a new limited-edition Strawberry flavor of Whipshots®, a vodka-infused whipped cream co-founded by Cardi B. This new flavor is available online and at select retail locations nationwide and marks the beginning of a partnership with Museum of Ice Cream. The partnership will see Whipshots served as a boozy ice cream and milkshake topper in Museum of Ice Cream's three US locations. The product has expanded its availability to 39 states and the District of Columbia and has received critical acclaim, winning multiple awards in prestigious industry competitions.
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News
Rhea-AI Summary
Starco Brands (OTCQB: STCB) has achieved significant success with its flagship product, Whipshots, exceeding 4 million can sales since 2022 and expanding to 39 states and D.C. Whipshots also achieved over 58,000 distribution points in 2023, a 125% increase over 2022, with shipments surpassing 230,000 cases, marking a 73% increase. New seasonal flavors like Lime, Pumpkin Spice, and Peppermint have notably enhanced sales. Partnerships with AMC Theatres and Patti’s Good Life achieved over 2 billion earned media impressions.
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Starco Brands, Inc. (STCB) proudly highlights the significant expansion and success of its Winona Pure® Popcorn Spray line, projecting a doubling of revenue for the second consecutive year. The product has expanded distribution nationally at Walmart, Meijer, and H-E-B, with sustained repeat purchases and minimal marketing expenditure.
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1.07%
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Starco Brands, Inc. (STCB) partners with B2i Digital, Inc. to enhance investor and shareholder communication, aiming to provide transparency and real-time access to information.
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0.54%
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Starco Brands (OTCQB: STCB) announced that its business unit, Skylar, has achieved unprecedented growth, recording its most profitable quarter ever in Q3 2023. The acquisition of Skylar has substantially enhanced Starco Brands' revenue and contributed positively to its synergized adjusted EBITDA. Skylar experienced a remarkable revenue increase, doubling its sales on Amazon and witnessing a surge of over 45% at Sephora compared to the previous year's corresponding period.
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1.69%
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Starco Brands, Inc. (STCB) partners with LA Bowl Hosted By Gronk at SoFi Stadium, bringing its well-known consumer products to life during bowl week and game day. The game features Mountain West’s No. 1 selection versus the Pac-12’s No. 5 selection on December 16. Starco Brands' CEO, Ross Sklar, emphasizes the opportunity to showcase their behavior-changing technologies and disruptive brands, including Whipshots®, Art of Sport, Winona®, Skylar, and Soylent. The partnership aims to redefine consumer product experiences for the 21st century, with the support of strategic advisor and investor, Earvin “Magic” Johnson.
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Starco Brands, Inc.
OTC:STCB
STCB Rankings
STCB Stock Data
79.43M
79.68M
45.26%
12.34%
Advertising Agencies
Professional, Scientific, and Technical Services
United States of America
Santa Monica
About STCB
starco brands (sb) is a company who’s unwavering mission is to create behavior-changing brands and products. the commitment to change the way we approach everyday activities is innate in our corporate dna. sb is an invention factory. sb's core competency is inventing products, marketing brands, building trends, pushing awareness, penetrating social media and driving traffic with cutting edge pull-through strategies. the marketing brain trust of sb is a best-in-class, globally proven team that is sought after to manage the largest brands in the world. this team is like no other, and its client experience includes apple, target, uber, volkswagen, behr paint, ralph loren and many other iconic brands. welcome to a 21st century consumer products powerhouse.