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Earnings Call Summary | Stryve Foods(SNAX.US) Q1 2024 Earnings Conference

Earnings Call Summary | Stryve Foods(SNAX.US) Q1 2024 Earnings Conference

财报电话会议摘要 | Stryve Foods (SNAX.US) 2024 年第一季度财报会议
moomoo AI ·  05/18 08:25  · 电话会议

The following is a summary of the Stryve Foods, Inc. (SNAX) Q1 2024 Earnings Call Transcript:

以下是Stryve Foods, Inc.(SNAX)2024年第一季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • Stryve Foods reported Q1 2024 net sales of $4.6 million, a slight decrease compared to the same period last year.

  • Gross profit for the quarter was $1.2 million, an increase from the gross profit of $0.96 million in the same period last year.

  • Operating expenses reduced by 22.7% to $4.0 million from the year ago period.

  • The operating loss saw a 29% reduction to $3 million compared to the same quarter last year.

  • The net loss was $3.9 million, an improvement from $4.6 million in the prior year period.

  • The adjusted EBITDA loss for the first quarter was $2.3 million, improved from a loss of $3.5 million in the year-ago quarter.

  • The company's cash position at the end of Q1 2024 was approximately $0.4 million.

  • Stryve Foods报告称,2024年第一季度净销售额为460万美元,与去年同期相比略有下降。

  • 该季度的毛利为120万美元,较去年同期的96万美元毛利有所增加。

  • 运营费用比去年同期减少了22.7%,至400万美元。

  • 与去年同期相比,营业亏损减少了29%,至300万美元。

  • 净亏损为390万美元,较去年同期的460万美元有所改善。

  • 第一季度调整后的息税折旧摊销前利润亏损为230万美元,较去年同期的350万美元亏损有所改善。

  • 截至2024年第一季度末,该公司的现金状况约为40万美元。

Business Progress:

业务进展:

  • Stryve Foods has seen significant improvements in strategic areas, such as their new packaging initiative, dramatically enhancing retail velocity.

  • The quality of products has improved, leading to a better consumer experience and operational efficiencies.

  • Waste has reduced while the overall cost structure is more efficient.

  • The company regained its position for the Vacadillos brand at Costco's Southeast division.

  • The focus is strongly on new distribution and expansion of distribution footprint.

  • There is a robust innovation pipeline for further brand and category expansion.

  • Investments in technology and processes are ongoing to enhance agility and expand margins.

  • Stryve's 2024 target for net sales ranges between $24 million to $30 million.

  • Stryve Foods在战略领域取得了重大改善,例如其新的包装计划,极大地提高了零售速度。

  • 产品质量有所提高,从而改善了消费者体验和运营效率。

  • 浪费减少了,同时整体成本结构更加高效。

  • 该公司在好市多的东南分部重新获得了Vacadillos品牌的地位。

  • 重点是新的分销和分销范围的扩大。

  • 有强大的创新渠道可以进一步扩展品牌和品类。

  • 正在持续投资技术和流程,以提高灵活性并扩大利润。

  • Stryve2024年的净销售目标在2400万美元至3000万美元之间。

More details: Stryve Foods IR

更多详情: Stryve Foods IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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