Stryve Foods Reiterates FY24 Net Sales Guidance Of $24M-$30M, Est $25.582M
Portfolio Pulse from Benzinga Newsdesk
Stryve Foods has reaffirmed its fiscal year 2024 net sales guidance of $24M-$30M, with expectations of volume acceleration in the second half of the year. This is anticipated to significantly improve year-over-year gross margins, increasing quarterly as more volume is achieved.
May 14, 2024 | 8:38 pm
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Stryve Foods, trading as SNAX, has reiterated its FY24 net sales guidance of $24M-$30M, which aligns with analyst expectations. The anticipated volume acceleration in H2 is expected to significantly improve gross margins.
Reiterating sales guidance that meets analyst expectations generally instills confidence in investors, suggesting a positive outlook for the company's financial health and operational efficiency. The specific mention of expected volume acceleration and gross margin improvements in the second half of the fiscal year provides a clear basis for anticipating positive stock price movement in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100