Stryve Foods Expects Net Sales For Q3 To Reflect YoY Growth Of 30%-35%
Portfolio Pulse from Benzinga Newsdesk
Stryve Foods anticipates a 30%-35% year-over-year growth in net sales for Q3 2024, driven by increased retail consumption. Despite supply constraints due to working capital issues, the company expects improved gross margins despite higher beef prices.
October 10, 2024 | 1:06 pm
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Stryve Foods projects a 30%-35% YoY growth in Q3 net sales, driven by increased retail consumption. Despite supply constraints and higher beef prices, gross margins are expected to improve.
The anticipated growth in net sales and improvement in gross margins are positive indicators for Stryve Foods. The constraints due to working capital issues are a concern but are outweighed by the strong demand and margin improvements.
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