Earnings Call Summary | Stryve Foods(SNAX.US) Q1 2024 Earnings Conference
Earnings Call Summary | Stryve Foods(SNAX.US) Q1 2024 Earnings Conference
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.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。