Stryve Foods Q2 Adj $(1.66) Beats $(1.87) Estimate, Sales $6.00M Miss $7.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stryve Foods reported Q2 losses of $(1.66) per share, beating the analyst consensus estimate of $(1.87) by 11.23%. However, the company's quarterly sales of $6.00 million missed the analyst consensus estimate of $7.41 million by 19.07%. This represents a 45.21% decrease over sales from the same period last year.
August 14, 2023 | 8:31 pm
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NEUTRAL IMPACT
Stryve Foods' Q2 earnings beat estimates but sales missed, indicating mixed performance.
Stryve Foods' Q2 earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The mixed results could lead to uncertainty among investors, potentially impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100