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Stryve Foods Inc (SNAX)
:SNAX
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Earnings Data
Report Date
Apr 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.63Last Year’s EPS
-1.2Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 15, 2021
|% Change Since: -19.35%
|Next Earnings Date:Aug 16, 2021
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth and operational improvements, including a significant increase in gross margin and reduced operating expenses. However, supply constraints due to working capital issues and the need for additional capital pose challenges. Overall, the company is making positive strides, but financial constraints need addressing to capitalize on growth opportunities.Company Guidance
During the third quarter of 2024, Stryve Foods reported a substantial 36.4% year-over-year increase in net sales, reaching $5.7 million, primarily driven by increased sell-through velocity at retail. Despite this growth, the company faced challenges in meeting demand due to working capital constraints, not capacity issues, which they are addressing with a recent $2.9 million equity raise. Gross margin improved significantly from 13.3% to 21.7% year-over-year, reflecting enhanced product mix, operational efficiencies, and strategic pricing. Operating expenses decreased by 15.9% compared to the previous year, contributing to a 31.5% improvement in adjusted EBITDA loss, which stood at $1.7 million for the quarter. The company remains focused on expanding retail distribution, optimizing operational efficiencies, and managing costs to drive long-term profitability. Although no specific guidance was provided for the remainder of the year, the strategic distribution wins anticipated for early 2025 are expected to support continued growth.Significant Revenue Growth
Net sales increased by 36.4% year-over-year to $5.7 million, driven by increased retail velocity and strategic pricing initiatives.
Improved Gross Margin
Gross margin improved from 13.3% to 21.7%, reflecting enhanced operational efficiencies and strategic management of pricing.
Operational Efficiency Gains
Operating expenses reduced by 15.9% compared to Q3 2023, demonstrating improved cost management and operational efficiencies.
Partnership with Dot Foods
New partnership with Dot Foods will leverage their distribution network to streamline supply chain and improve service levels.
Strong Consumer Demand
Significant increase in sell-through velocity at retail, indicating strong consumer engagement and brand loyalty.
Strategic Capital Raise
$2.9 million equity raise closed, providing necessary funds to build inventory and support current demand.
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SNAX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SNAX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $0.93 | $0.89 | -4.30% |
| Aug 14, 2024 | $1.72 | $1.70 | -1.16% |
| May 14, 2024 | $1.88 | $1.72 | -8.51% |
| Apr 01, 2024 | $1.45 | $1.20 | -17.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Stryve Foods Inc (SNAX) report earnings?
Stryve Foods Inc (SNAX) is schdueled to report earning on Apr 07, 2025, TBA Not Confirmed.
What is Stryve Foods Inc (SNAX) earnings time?
Stryve Foods Inc (SNAX) earnings time is at Apr 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNAX EPS forecast?
SNAX EPS forecast for the fiscal quarter 2024 (Q4) is -0.63.
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