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 (OTCQB:STCB) has announced a collaboration between Whipshots, its vodka-infused whipped cream brand co-founded by Cardi B, and DoorDash to deliver the new -edition Pumpkin Spice Whipshots flavor. From August 22nd to 29th, customers ordering Pumpkin Spice Whipshots via DoorDash will receive a $5 coffee credit, enabling them to create their own Pumpkin Spiked Lattes at home.
Whipshots, containing 10% Alc./Vol, doesn't require refrigeration and aims to bring versatility to the spirits category. The partnership with DoorDash allows for delivery of Whipshots and coffee in as little as 40 minutes, offering consumers a convenient way to enjoy this fall-themed alcoholic treat.
Starco Brands (OTCQB: STCB) has announced board approval for an Insider Trading Policy and stock buy-back plan. The company, which owns five growing brands including Whipshots, Winona Pure, Art of Sport, Skylar Beauty, and Soylent, reported Q2 2024 net revenue of $15.6 million with margins increasing to 37%. CEO Ross Sklar highlighted the company's progress in expanding product lines and distribution points, projecting national retail expansion and growth for late 2024 and 2025.
Sklar expressed his intention to purchase company stock, citing unique products, defensive moats, and scaling distribution as reasons for the company's success. He also noted that the enterprise value of individual brands may exceed the company's entire market cap, which is currently less than one times revenue. Following the earnings release, STCB experienced record trading volume on August 14th.
Starco Brands (OTCQB: STCB) reported Q2 2024 results with net revenue of $15.6 million and margins of 37%. The company focused on integrating acquisitions, finding efficiencies, and expanding distribution. Key highlights include:
- Whipshots® expanded to 46 states, secured 1,257 Kroger points of distribution, and landed Costco and Dave & Buster's deals.
- Skylar grew within Sephora, entered Anthropologie, and launched on Costco.com.
- Soylent launched Complete Protein Powder and achieved the highest repurchase rate in the adult nutrition category.
- Winona Popcorn Spray expanded retail distribution and plans to launch new flavors.
The company expects top-line growth in H2 2024 and substantial growth in 2025-2026.
Starco Brands (OTCQB: STCB), a developer and acquirer of behavior-changing technologies and brands, has announced it will release its second quarter 2024 financial results on August 13, 2024, after market close. The company will host a conference call to discuss these results on the same day at 1:30 pm Pacific Time (4:30 pm Eastern Time).
Investors can participate in the live call by dialing (877) 407-0792 from the U.S. or (201) 689-8263 internationally. A replay will be available until August 27, 2024. Additionally, a live webcast will be accessible on the company's Investor Relations website, with an archive available for 30 days.
Starco Brands (OTCQB: STCB) has appointed Alex Alston as Vice President of Skylar Clean Beauty, a fragrance brand known for clean, hypoallergenic scents. Alston brings extensive experience in beauty and luxury e-commerce sectors, having previously held leadership positions at Rose Inc., r.e.m. beauty, NET-A-PORTER, Charlotte Tilbury, L'Oréal USA, and LVMH.
At r.e.m. beauty, Alston led the global rollout and helped the brand win the Allure Readers Choice New Brand of the Year award. At NET-A-PORTER, he drove significant growth and launched key initiatives. Starco Brands' CMO, David Dreyer, expressed confidence in Alston's ability to merge creativity with strategic business results, which will be important for building out the Skylar brand and new ventures.
Starco Brands (OTCQB: STCB) has announced the launch of a new fragrance, Citrus Reverie, via its Skylar Clean Beauty line. Set to debut with the 'Endless Summer' campaign, the scent includes mandarin, pink pineapple, and orange flower notes, designed to evoke the essence of summer. Available from June 20, 2024, on skylar.com and June 22, 2024, on sephora.com, Citrus Reverie continues Skylar’s mission of offering hypoallergenic, sensitive-skin-safe products free from top allergens and over 1,300 questionable ingredients. The new fragrance aligns with Skylar’s sustainability goals, being 100% recyclable. The launch follows the release of other popular Skylar fragrances like Sunkissed Dahlia and Vanilla Sky.
Starco Brands (OTCQB: STCB) announced its first quarter 2024 results, reporting a 39% increase in net revenue to $15.5 million and a 26% increase in gross profit to $7.2 million, compared to the previous year. Despite these gains, the company reported a net loss of $4.3 million, up from $1.7 million in Q1 2023. The loss was attributed to increased marketing, administrative expenses, and compensation due to acquisitions made in 2023. The company projects net revenue between $72 million and $76 million for fiscal year 2024. Major highlights included new product launches and expanded distribution across its brands, including Whipshots, Skylar, Soylent, and Winona Popcorn Spray. Starco Brands also plans to reinvest in growth and operational infrastructure, which may impact short-term profitability but is aimed at fostering long-term growth.
Starco Brands, Inc. will announce its first-quarter 2024 financial results on May 15, 2024. The company will host a conference call to discuss the results at 1:30 pm Pacific Time. Investors can participate by dialing (877) 407-0792 (U.S.) or (201) 689-8263 (international). A telephone replay will be available, and a live webcast will also be accessible on the Investor Relations section of the company's website.
Starco Brands' Whipshots® has won the prestigious 2024 Growth Brand Award for the second year in a row, solidifying its position as an industry trailblazer. The vodka-infused whipped cream has experienced remarkable growth, selling 5 million cans in just two years. This award recognizes Whipshots as a mainstay in the spirits category, offering an over-the-top experience to various beverages and desserts. CEO Ross Sklar expressed gratitude for the recognition and highlighted the brand's commitment to innovation and consumer satisfaction.
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