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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

業績電話會議摘要 | Stryve Foods (SNAX.US) 2024 年第一季度業績會議
富途資訊 ·  05/18 20:25  · 電話會議

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

以下是Stryve Foods, Inc.(SNAX)2024年第一季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • 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報告稱,2024年第一季度淨銷售額爲460萬美元,與去年同期相比略有下降。

  • 該季度的毛利爲120萬美元,較去年同期的96萬美元毛利有所增加。

  • 運營費用比去年同期減少了22.7%,至400萬美元。

  • 與去年同期相比,營業虧損減少了29%,至300萬美元。

  • 淨虧損爲390萬美元,較去年同期的460萬美元有所改善。

  • 第一季度調整後的息稅折舊攤銷前利潤虧損爲230萬美元,較去年同期的350萬美元虧損有所改善。

  • 截至2024年第一季度末,該公司的現金狀況約爲40萬美元。

Business Progress:

業務進展:

  • 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在戰略領域取得了重大改善,例如其新的包裝計劃,極大地提高了零售速度。

  • 產品質量有所提高,從而改善了消費者體驗和運營效率。

  • 浪費減少了,同時整體成本結構更加高效。

  • 該公司在好市多的東南分部重新獲得了Vacadillos品牌的地位。

  • 重點是新的分銷和分銷範圍的擴大。

  • 有強大的創新渠道可以進一步擴展品牌和品類。

  • 正在持續投資技術和流程,以提高靈活性並擴大利潤。

  • Stryve2024年的淨銷售目標在2400萬美元至3000萬美元之間。

More details: Stryve Foods IR

更多詳情: Stryve Foods IR

Tips: 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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譯文內容由第三人軟體翻譯。


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