Stryve Foods sees Q3 sales up 30%-35% year-over-year

Stryve shared preliminary insights into its third quarter 2024 performance. Based on initial data, the Company expects net sales for Q3 to reflect year-over-year growth of 30% to 35%, driven primarily by increased retail consumption of its products. Similar to Q2’24, these preliminary topline results for Q3 were partially constrained as the demand for the Company’s products outstripped the Company’s ability to supply them due to working capital constraints. In addition to the topline, Stryve anticipates a meaningful year-over-year improvement in gross margin for the quarter, despite facing higher beef prices compared to the prior year.