Stryve
Overview
WHAT IS BILTONG? Stryve Biltong is 100% beef with no sugar, MSG, gluten, nitrates or preservatives. All natural. All flavorful. Always air dried to lock in flavor and nutrients. And - biltong has more protein in every bite than jerky. OUR SQUAD We are a group of people wildly passionate about healthy snacking. We refuse to blend in with the herd of sugar-laden, highly processed, "better-for-you" snacks. We innovate, create and show up every day because we believe healthy is fun and leads to a happier, better life.
Beef Biltong
Air-Dried Beef Stick
Distribution Roundup: Stryve Picks Up Multiple Chains; TidBits Heads to Albertsons
Beef biltong maker Stryve Foods has announced its expansion into several prominent retail chains, including Southeastern Grocers, Cub Foods, Lunds/Byerly’s, Fresh Thyme, Lowes Foods, AAFES, Holiday Oil, Timewise, Family Express and Dash In.
Stryve Completes Portfolio Cuts, Shifts Focus to Distribution Growth
Stryve Foods announced a 37% drop in net sales year-over-year to $4.6 million during a Q1 earnings call yesterday, which executives at the air-dried meat snack maker attributed primarily to the company’s portfolio rationalization efforts.
Stryve: Net Sales Decline After Successful Expense Reductions Measures
Air dried meat snack company Stryve reported a 1.3% decline in net sales year-over-year to $5.4 million in Q4, largely due to the company’s SKU rationalization efforts and other cash conservation measures.
Expo West: Stryve Drops ‘Biltong’ from Packaging, Mindright Reformulates
In a roundup of news spotted at Natural Products Expo West 2023: Stryve rethinks its packaging, dropping the term “biltong;” Midnight reformulates to incorporate scientifically backed ingredients; and Fabalish expands its portfolio and launches a new look.
Strvye Co-founders Reunite to Acquire and Invest in Emerging Brands
Ultimately the holding company plans to have four entities in the company’s portfolio, two of which are already accounted for: egg white-based chip company Quevos and supplement and energy drink brand ProSupps.
Strvye Reports Drop in Net Sales in Q3, CEO Sees “Renovation Opportunities”
Despite declining sales year-over-year, executives at meat snack brand Stryve said on the company’s third quarter earnings call yesterday that it is making progress in reversing losses and controlling expenses.
Stryve Founder Departs Meat Snack Company as It Considers Move Into Pets
Joe Oblas, has departed Stryve Foods, the meat snacks company he co-founded in 2017. According to Oblas and trademark filings, the company will be adding new products in the pet food category.
Stormberg Foods Maneuvers To Lead U.S. Biltong Category
South African meat snack manufacturer Stormberg Foods has acquired Ayoba Foods in an effort to directly compete against U.S. biltong category leader Stryve.
The Checkout: FDA Petitioned For Front-of-Pack Nutrition Labeling; Stryve Reports Record High Revenues Despite “Execution Challenges”
In this week’s Checkout: Pressure on the FDA to enact front-of-pack nutrition labels ramps up; Stryve reports record high revenue despite execution challenges and restructuring; Fermented Food Holdings acquires Great Lake Kraut foods business; and the USDA tracks record high honey consumption.
Stryve Brings on Seasoned Exec as New CEO
Meat snack brand Stryve has added CPG executive Christopher Boever as CEO, replacing co-founder Joe Oblas, who will transition to Chief Growth Officer. The news, which was announced last week, comes as the now publicly traded company tries to deepen its hold in the meat snack category, further build out a sub brand and fight back against rising ingredient and operations costs.
The Checkout: Sundial Foods Closes $4 Million Seed Round; Stryve Reports Third Quarter Earnings
In this week’s Checkout: Sundial Foods Closes $4 Million Seed Round, Stryve Reports Third Quarter Earnings and Jameela Jamil Joins Oathaus as Investor and Social Impact Advisor.
Distribution Roundup: United Airlines Adds Undercover Snacks; Stryve Gains More Ground In Convenience
In this week’s distribution roundup: Undercover Snacks onboards with United Airlines, Stryve gains more ground in convenience and retail, AYO Foods expands presence nationwide and Jersey Tomato Co. sauces reach new shelves.
Stryve Reports Q2 Earnings, Discusses Supplement Play
On its first quarterly earnings call since going public last month, Stryve Foods reported net sales were up 71.8% to $7.4 million for the quarter and gross profits of $3.6 million in the second quarter, an increase of 148.3%. The company also discussed its ecommerce strategy, its plans to reach Hispanic shoppers and why it decided to enter the nutrition category.
From Meat Snacks to Protein Powders: Stryve Looks to Nutrition Segment After Going Public
Fresh off its IPO, meat snack company Stryve Foods is already making moves to enter new categories. While the company previously indicated it planned to first enter adjacent salty snack categories such as crackers and chips, it has instead turned its attention to the supplement set, launching new protein powders with a new line called Stryve Nutrition.
Retailers
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Walmart
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ACME
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Harris Teeter
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Kmart
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Online/E-Commerce
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What started small, with a single discount store and the simple idea of selling more for less, has grown over the last 50 years into the largest retailer in the world. Each week, nearly 265 million customers and members visit approximately 11,500 stores under 56 banners in 27 countries and eCommerce websites. With fiscal year 2020 revenue of $524 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. It’s all part of our unwavering commitment to creating opportunities and bringing value to customers and communities around the world.
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