Stryve Foods 2021 Sales Increased 104.6%… Net Sales $34 Million

Stryve Biltong Branding and Package Design

November 15, 2021 16:05 ET | Source: Stryve Foods, Inc.
Set to Expand Partnerships with Costco and Walmart in 2022
Net Sales Increased 104.6% Year Over Year to $9.1 Million
Reaffirms 2021 Financial Outlook of Net Sales of $31 Million to $34 Million

PLANO, Texas, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Stryve Foods, Inc. (“Stryve” or “the Company”), (NASDAQ: SNAX), an emerging healthy snack and eating platform disrupting traditional consumer packaged goods (CPG) categories, and a leader in the air-dried meat snack industry in the United States, today announced results for the third quarter ended September 30, 2021 and provided a business update.

Joe Oblas, CEO and Co-Founder, stated, “We are very pleased to have more than doubled our top-line and gross profit during the third quarter compared to the year-ago period, reflecting robust gains across our wholesale and e-commerce channels as we successfully drove distribution, awareness, trial, and repeat purchases of our healthy air-dried meat snacking products. Given our current trajectory, we remain confident in our prior annual net sales guidance of $31 million to $34 million in 2021, which would represent an increase of 82% to 100% compared to 2020.”

Link to full Article:
https://www.globenewswire.com/news-release/2021/11/15/2334704/0/en/Stryve-Foods-Inc-Announces-Third-Quarter-2021-Results-and-Paves-Way-for-Future-Growth.html