Safety Shot Is Now Available On Amazon.Com, Product Sells Out Within Hours After Being Released A Day Early
Portfolio Pulse from Benzinga Newsdesk
Safety Shot, Inc. (NASDAQ:SHOT) announced that its patented beverage, Safety Shot, sold out within hours on Amazon.com after an unexpected early release. The product, designed to reduce blood alcohol content and boost clarity, was made available on November 30th, a day ahead of schedule. CEO Brian John expressed surprise at the high demand and is working to increase production. The beverage is priced at $19.99 for a 4-pack and will be restocked soon. It is also available on the company's website and is expected to be in retail stores in Q1 2024.
December 04, 2023 | 1:37 pm
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NEUTRAL IMPACT
Amazon.com was the platform where Safety Shot sold out quickly, showcasing its effectiveness as a sales channel for new products.
While the sell-out of Safety Shot on Amazon.com highlights the platform's strength as a sales channel, it is a regular occurrence for products to sell out on Amazon and may not significantly impact Amazon's stock in the short term. Amazon's vast product assortment means that the success of one product has a diluted effect on the overall performance of the company.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Safety Shot, Inc.'s product sold out quickly on Amazon, indicating strong consumer demand and potential revenue growth. The company is increasing production to meet demand.
The rapid sell-out of Safety Shot on Amazon suggests a strong market demand for the product, which could lead to increased sales and revenue for the company. The positive consumer response and the CEO's commitment to ramp up production are likely to be viewed favorably by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100