Stryve Foods completes network optimization, unlocks over $1M in annual savings

Stryve Foods (SNAX) announced the completion of a major network optimization initiative. By transitioning fulfillment operations to a combination of redistribution partners, including Dot Foods, distributors, and third-party logistics providers, Stryve has exited its final distribution center lease-an achievement expected to generate over $1M in annual savings and drive significant operational efficiencies. This transition delivers substantial financial and operational benefits to Stryve, including: + $1M in expected annual net savings, achieved through improved operating efficiencies, reduced transportation costs, and rent savings.; Eliminating + $10M in future lease obligations, freeing up capital for strategic investments and growth. Enhanced service levels for retail partners, leading to improved product availability and expanded distribution reach. As previously announced, Stryve’s partnership with Dot Foods has played a pivotal role in strengthening its supply chain. By leveraging Dot’s expertise, the Company is now better positioned to support growing consumer demand while streamlining its operations. With the lease termination effective February 15, 2025, and the Dot Foods relationship already fully operational, Stryve expects to begin realizing savings from this network optimization in its Q1 2025 results. This initiative represents another critical step in the Company’s journey toward long-term profitability and shareholder value creation.