Stryve Foods Q4 2023 Adj EPS $(1.90) Beats $(1.96) Estimate, Sales $2.887M Miss $5.009M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stryve Foods (NASDAQ:SNAX) reported Q4 2023 adjusted EPS of $(1.90), surpassing the $(1.96) estimate. However, its sales of $2.887M fell short of the $5.009M estimate, marking a 46.63% decrease from the same period last year.
April 01, 2024 | 8:42 pm
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Stryve Foods reported a mixed Q4 2023 with an EPS beat but significant sales miss, indicating potential challenges in revenue generation.
While Stryve Foods exceeded EPS expectations, the substantial miss in sales forecasts and a significant year-over-year decrease in sales could indicate underlying issues in sales growth and market demand. This mixed financial performance, especially the sales miss by a wide margin, is likely to negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 90
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