Stryve Expects Up To 35% Growth In Q3 Sales, Announces New, Expanded Distribution; Stock Down
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 10 2024
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Source: Business Insider
Sales Growth Expectation: Stryve Foods anticipates a 30 to 35 percent increase in third-quarter sales due to higher retail consumption, despite facing supply constraints from working capital limitations.
Distribution Expansion and Stock Performance: The company has expanded its distribution with major retailers and existing partners, but its stock has dropped by 18.97 percent to $1.07 on the Nasdaq.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
