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Stock impact report

Stryve Foods, Inc. Reports Fiscal 2024 Third Quarter Results [Yahoo! Finance]

Stryve Foods, Inc. - Class A (SNAX) 
Company Research Source: Yahoo! Finance
PLANO, Texas, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Stryve Foods, Inc. (“Stryve” or “the Company”) (NASDAQ: SNAX), an emerging healthy snacking platform and leader in the air-dried meat snack industry in the United States, today reports financial and operating results for the three and nine months ended September 30, 2024. The Company reported continued revenue growth, improved gross margins, and reduced operating expenses, highlighting the effectiveness of its transformation strategy. Key highlights include net sales of $5.7 million, reflecting a 36.4% increase from the third quarter of 2023, and more than doubling gross profit year over year with a gross margin of 21.7%, as compared to 13.3% in the prior-year period. Q3 2024 – Momentum Continues with Expanded Distribution and Enhanced Financial Performance Stryve's transformation continued in the third quarter of 2024, delivering year-over-year improvements in gross margin, lower operating expenses, and a narrowed Adjusted EBITDA Show less Read more
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