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.
Starco Brands, Inc. develops and acquires consumer brands across beauty, nutrition and alcohol-related categories. Company news recurring themes include operating results, margin and adjusted EBITDA trends, distribution expansion, product innovation and portfolio integration across Skylar, Soylent, Winona and Whipshots.
Updates also cover Skylar fragrance launches and retail channels such as Sephora, Macy's, Nordstrom and Anthropologie, along with e-commerce and direct-to-consumer strategy for Soylent and capital-structure disclosures tied to the company's financing and growth platform.
Starco Brands (OTCB: STCB) has launched Nude Skin, a new luxury fragrance under its clean beauty brand Skylar. The eau de parfum features key notes of tiger orchid, warm vanilla, and golden amber, designed to blend with the wearer's natural scent.
The product is available in a 50mL size for $90 and a 10mL rollerball for $30, and can be purchased through Skylar.com, Sephora.com, and Sephora stores. The fragrance is hypoallergenic, vegan, cruelty-free, and sustainably made, targeting sophisticated Gen Z and modern millennial consumers.
This launch represents Skylar's evolution from playful beginnings to a more mature and luxurious brand positioning. The fragrance can be layered with other Skylar products like Salt Air, Vanilla Sky, and Citrus Reverie.
Starco Brands (OTCQB: STCB) announces Art of Sport brand's title sponsorship of the 2024 LA Bowl hosted by Rob Gronkowski at SoFi Stadium. The event, airing on ESPN, marks a significant expansion for Art of Sport as it evolves beyond personal care products. The brand is introducing new product lines including premium protein powders and pain relief solutions, broadening its portfolio to support athletes' complete game-day routines.
The expanded product range will be available at major retailers including Amazon, Costco, and Kroger, supported by a new national ad campaign launching during the bowl game broadcast. The sponsorship features immersive brand integrations throughout the stadium and broadcast, demonstrating Art of Sport's commitment to empowering athletes at all levels.
Starco Brands (OTCQB: STCB) reported Q3 2024 financial results with net revenue of $15.5 million, down from $17.7 million in Q3 2023. Gross margin improved sequentially to 41.2%. The company reported a net loss of $6.3 million, compared to net income of $2.3 million in Q3 2023. Adjusted EBITDA was $0.7 million.
The revenue decline was attributed to strategic reductions in Soylent's e-commerce marketing spend and lower Whipshots sales. The company identified $3 million in cost optimization opportunities through operational efficiencies. Cash position stood at $1.6 million with inventory of $13.2 million as of September 30, 2024.
Art of Sport (AOS), a division of Starco Brands (STCB), has been announced as the title sponsor of the 2024 LA Bowl Hosted By Gronk. The college football event will take place at SoFi Stadium in Inglewood, CA on December 18th at 6 PM PT, featuring teams from the Mountain West and former Pac-12 conferences. The game will be broadcast on ESPN.
As title sponsor, AOS will introduce fan activations, exclusive merchandise, and product experiences throughout the event, aligning with their mission to provide athletes with premium performance-driven products. The partnership aims to enhance the fan experience while showcasing college football talent at the state-of-the-art venue.
Starco Brands (OTCQB: STCB) announces that its fragrance brand Skylar has won the People's Choice – Popular category at the inaugural Scentbird Digital Fragrance Awards for its scent 'Vanilla Sky'. The awards ceremony, held at New York City's Crosby Street Hotel, was live-streamed globally and featured industry experts including beauty directors from Town & Country and Elle.
The winning fragrance, Vanilla Sky, features notes of cappuccino, pure vanilla, and caramelized cedar. This recognition highlights Skylar's success in creating clean, hypoallergenic fragrances safe for sensitive skin, while maintaining luxury and sustainable practices.
Starco Brands (OTCQB: STCB) announced it will release its third quarter 2024 financial results on November 14, 2024, after market close. The company will host a conference call at 1:30 PM Pacific Time (4:30 PM Eastern Time) to discuss the results. U.S. investors can join by dialing (877) 407-0792, while international callers can use (201) 689-8263. A replay will be available until November 28, 2024. A live webcast will be accessible through the company's investor relations website and archived for 30 days.
Art of Sport (AOS), a division of Starco Brands (OTCQB: STCB), is launching its All-in-One Performance Protein Powder in Fred Meyer stores across the Pacific Northwest. This marks AOS's first entry into brick-and-mortar retail. The product offers a single-scoop solution with 30g of complete protein, essential multi-vitamins and minerals, and a proprietary nutrient blend for muscle health, performance, and recovery.
In independent taste tests, the powder was preferred 10:1 over leading competitors. The product will be available in Fred Meyer stores starting October 2024, as well as online at FredMeyer.com. This launch is part of AOS's expansion into the nutrition category, with more products planned for the future.
Starco Brands (OTCQB: STCB) has announced the launch of a new Garlic Butter flavor for its Winona® Popcorn Spray line. This innovative product aims to enhance the popcorn experience with a rich, savory taste and appealing aroma. Winona Popcorn Spray has disrupted the market by solving the issue of dry seasoning settling at the bottom of the bowl, ensuring even flavor distribution on every kernel.
The new Garlic Butter spray, like the original Butter Flavor, is extremely low calorie, non-GMO, gluten-free, and dairy-free. It's crafted with high-quality, natural ingredients and is powered by air. The product is currently available at Walmart, Hyvee, and Meijer, with plans for broader distribution later in 2024 and into 2025.
Starco Brands (OTCQB: STCB) has announced that its nutrition company, Soylent, is launching two new -time seasonal flavors: Pumpkin Spice and Gingerbread. These flavors will be available through the end of the year. In conjunction with this launch, Soylent is partnering with Feeding America member food banks for a Buy One, Give One initiative during September's Hunger Action Month. For every bottle of Soylent purchased, one meal will be donated to those in need.
This initiative builds upon Soylent's #SoylentforGood program, which has already donated over 6 million meals. The company aims to make complete, sustainable nutrition accessible, appealing, and affordable while combating food insecurity in communities.
Soylent, owned by Starco Brands (OTCQB: STCB), has achieved the highest repurchase rate in the adult nutrition category at 62.9%, surpassing competitors like Boost (61.9%) and Ensure (48.2%). This milestone follows Soylent's 2023 recognition as the 'Best Meal Replacement Shake' based on nutrition and taste ratings from over 40,000 consumers.
Soylent's success is attributed to its science-backed nutritional profile and focus on delicious flavors. The brand's innovative approach combines cutting-edge research with appealing tastes, attracting a diverse consumer base. Strategic partnerships with major retailers like Walmart, Kroger, and Publix have expanded Soylent's accessibility nationwide.