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Strauss Group ( (IL:STRS) ) has issued an announcement.
Strauss Group Ltd. has outlined a strategic plan for 2024-2026, including the formation of S.E USA Inc and the acquisition of Sabra Dipping Company LLC in partnership with PepsiCo. The company aims to expand its market presence, increase production capacity, and develop innovative products, with projected revenues of $340 million to $370 million by the end of 2024. The firm targets a 25% revenue increase by the end of 2025, highlighting steady growth and a focus on new technologies.
More about Strauss Group
Strauss Group Ltd. operates in the food industry, focusing on the production of fresh dips and spreads. The company is known for its joint venture with PepsiCo, holding a significant market presence in the fresh dips sector.
YTD Price Performance: 12.90%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.53B
For an in-depth examination of STRS stock, go to TipRanks’ Stock Analysis page.