SNAX - Earnings call transcript Q2 2022

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Operator

Welcome to the Stryve Foods Inc.

Second Quarter 2022 Earnings Call. [Operator Instructions] I would now like to turn the conference over to Sandy Martin with Three Part Advisors. Please go ahead.

Sandy Martin

Thank you, operator. Stryve quarter the conference to welcome Foods earnings second call. And Executive today Hawkins. Boever; are me Officer, Stryve's Alex With Officer, Chief Chris Financial and Chief

we Securities are pursuant that the remind safe today like of I Act to include of the of provisions Private will that our discussion Reform Before everyone statements forward-looking harbor begin, Litigation would part to XXXX.

August not results expectations. by outside XXXX. and reliance of undertake control. We statements are they Actual later forward-looking XX, and These performance nature these the at do these from uncertain could date of and are their refer materially therefore Forward-looking should only today, statements placed differ future not not guarantees statements upon a update company's undue to be them. to

been that, accessed SEC. to the in earnings posted the turn the News on audio like the Events page included over the discussion website not measures considered should and GAAP Also substitute release and measure to press & our financial include today's including measures will on call Form nearest would Chris earnings submitted Boever. and the and EBITDA be financial With included the of it financial link has press This of to for be of We In you addition, GAAP in investor can detail. to adjusted a release being call ir.stryve.com. Chris? through at Non-GAAP today's webcast supplement further is to of non-GAAP is X-K reconciliation EPS. refer section call the the I release non-GAAP for to now measures. copy a a a as adjusted

Chris Boever

us second thank and Thank you earnings And Stryve. my to for everyone. call you, teammates for at Sandy. our joining thank you quarter Welcome,

efforts your and transparent welcoming, greatly are been have appreciated. You

in which a quarter's about the the [indiscernible] which second revenue achieved results ever year. of XXXX Clearly gross half is entire demand nearly of quarter were is second for our the creates the million represent tremendous revenues the revenues the gross consumer rise, amount quarter Our future. company. largest fiscal $XX.X on excitement

results evidenced lessons clearly have delivery as consumer important Why? creating I performance improve a plans profit impressive, excited While opportunities by margins. grow, these way, in XX fellow with ultimately certainly for to Stryve from weeks discuss combined value to our deliver our highlight foundational now begin more growing about a joined the moving forward. our balanced comments to company. stakeholders. it's second Foods and some am profitable margins offer the transformational The top and all line These be improve need learned at the shareholder, our at a change. demand, business, with think to significant opportunity I'm quarter's changes I we for a Stryve, were As

snack disrupted Similar better-for-you of will delicious alternative traditional options, alternatives offerings continues higher portfolio consumers, category led appeal and differentiated meat the with snacks offering potential brands interacting compromising new has deliver thus nutritional the snack is Our penetration for higher value to demand that for across it norms increasing have and for our brands taste faster which in accelerate category. know other higher the We protein category industry better-for-you meat Consumer other unique than growth. and products be especially quality. much without brands growth other broader healthy and and a to position us that brought healthy snack as further traditional outside to a users. users categories for

while delivers ounce traditional nitrates, of while no's, nothing processed any ingredients, products benefits. and category solutions of our with partner the base, growth alternative having to category minimally Earlier more high sugar. growth our no shareholders. value quality This Stryve formats. This delivering without as steak, per this to to from delight a opportunity gluten, supermarkets, no zero as convenience in consumer versus and clubs experience taste of that minimally in the air retail in truly all start expanding no per processed. spot seasoned protein our year, jerky grams truly are ranging along with superior product the numerous are with valuable MSG, dried to well presents highest artificial, that distribution sweet our tasting We discussed against with natural we no consumer growing high stores distribution We deliver a and fantastic demand retailers

and We our progress our helping retail our distribution deliver category the choice. the top Increasing more affording will expand ultimately footprint of be favorite this area consumers of opportunities a will while partners brands, distribution, and growing have valuable more our find variety to made of focus. availability

investment will distribution, forward. our a disciplined our on way In promotion. we be with our decision in will be taking addition of in delivers advance to building action return investments criteria that moving for Implementing

chain from build the off major from profitability to a where that team to talent with the a Within which the ahead. promote as foundation which rising and from us the The plan company This momentum and we opportunities make business execute makeup the of the strong how the with of company. first quality executional from the sequential along restructuring and quarter all lessons well last QX With solid some valuable the path downstream, has accomplished proud of service products organization QX. includes to financial the I'm I'm and builds better present future. we how with lessons price as quarter, at will for in this excellence. improvements much challenges. continued that term in our is set our also upon. input short motion industry plan supply said, a importance This what our the in learned must Combined passion, challenges, that created impacted us pride believe with announce for wide future costs to QX excited we

have elements these incorporated the we elements contemplated. restructuring this of plan many key work, adds original of not previously While

that productivity attack we discipline improvement the initiative We management the introducing do. that portfolio through continuous will will simplify all and and organization costs a and project

we example, culture structure are headcount, of and roles already For responsibilities the to have clarity that accountability. creating brought and a organizational optimized

additional and exciting to call discuss time our sustainable our I board execution. from and for aligned will led to we initiatives all such to my transition efforts quality compounding our growth, build we company, of key already of simplify changes This monetize by implementing We as results. and a this productivity come to our and And business Alex This QX the rationalization organization we'll around yield. company. inputs Mindset and profits. have our guidance I a to a revenues I on ultimately action, all a Waste particularly change operating to organization. teammates call efforts. The SKUs, to company. impact over maximizing liquidity QX to as to and and discuss prioritize, relentless the are true type Underpinning across important meaningful of committed an financial will and Zero operations the is a turn making initiatives are execution. With founder and growth planning, collaboration discuss and the and turn takes is these seek transformational results the fully is will Alex over to these This the of improve back that, profitable

Alex Hawkins

Chris. Thanks,

Let capacity the on quarter's was me factors begin a history. the by that the quarter second in providing drove the results. some company's background the second From perspective, largest

the the sales net achievement of doesn't tell XX% million in nearly QX $XX.X the quarter over in While sequential story. full growth shows XX, it a

For nearly quarter. of tonnage sheer of Xx context, produced and fulfilled level the any was that prior

within a event, retailer attributable placed a quarter. products which these As were production specific in for discussed, in outsized QX XXXX. period time fulfilment limited Chris This the nationwide the second volumes a of all and program quarter during our second primarily occurred to

event While additional levels our mix demand, expected experienced related of input it costs created also to and high than chain. faced and price execution. challenges produced supply own challenges higher We our to this

to challenges go-forward non-core better created and The with effect storm and line, to cost, margins, commodity yield negative of write-downs production also requirements taken the plan supply input issues going these retailers. stated, gross forward. gaps distribution with ramped to will current our Adding than These of the in restructuring and many quarter. charges perfect stocks As learned assets. fulfilment top reserves lessons one-time were Chris compounding conjunction acceptable lead the increased related challenges, in gross in wider on were negative discounting the network, and be short margins related lower the execution we term for causing certain our in culminating

June, Since production to attributable they normalized we yields, While behind temporary which stock at for return cadence, these us. in significant, now still improved percentages to mostly a have effects compounding to is were quickly believe factor. adverse allowing were recovering factors been Inflation a able are retail. one-time and we and quickly more

However, Early in significantly into which during effect the over XXXX. took the year, last has half months. beef first went this several moderated it price actions we of

we last the we proactively need take should action As continuous call, have arise. price implemented shared our systematic price review on to a process

effects indications of walk return outgrowth that conditions are which rising of this input this will reaching costs. on explanation the and process, to we QX. just later the price beef markets, let end, me To financial early that as With you acknowledge the through we the an a another increase backdrop, recently potential for results far As of seeing announced take year. drought effect

ago quarter grew During quarter. year million versus net the $XX.X of the by sales second XX.X%

compared Our of or gross quarter the profit million of revenue $X.X in profit gross for quarter. million ago year to loss positive the was $X.X XX.X%

write we plan XX. as and that Consequently, as actions our full These in leadership back assets the in were share. the collaboration approximately which made he $X.X reserves, calculation in alignment with team near adjusted CEO an impact business many our and our call, quarter per with discussed on profitability company's stepped adjusted these on path second time, had and in that certain reviewed our the and change, to considerable and a program board, term As we've part of results. announced May discuss Chris company's of restructuring charges leadership non-recurring and other in million additional detail a strengthen of added in Ultimately, several more earnings EBITDA earnings Since restructuring Chris of quarter. took the the non-core will taken that were moment. necessitated in prospects were decisions to that plan strategy, the last one-time downs of

XX.X from $X.XX million As quarter. the share a change to $X.X a the shares million in shares quarter-over-quarter amounts of net $X.XX the $XX.X million share, or year loss share per items, net quarter in or The per result second was by quarter, average XX.X were loss the shares outstanding second million of weighted compared per compared for these XXXX to prior impacted for was of the ago XXXX per the capital second transaction. outstanding the per restructuring to adjusted $X.XX $X.XX The other quarter. reserves, and was non-cash adjusted favorably These include share year the impacted The for by second one-time shares which loss for charges and write-downs quarter, the share the adjustments snack average items. compares for quarter. weighted spec loss raise company's reductions,

for second EBITDA adjusted million loss loss compared year was our the EBITDA Finally, a to million an of $XX.X ago. quarter $X.X adjusted

to of profitability million. $XX hope through with term. in We release. near the the second change currently find combination in cash a of of And to to trajectory positive with and million restructuring we equivalents excess to close At quarter, the is that our conjunction secure of with of pleased to at networking believe press $X end we today's $XX.X to which in and can reaching GAAP first letter the during expected half approximately the under I'm the borrowing that path the of non-GAAP the end goal we had capacity cash are capital of of You announce of committed million profitability dramatically the non-dilutive plan facilities, XXXX. reconciliations

We cash carefully operations working losses capital. to growth the deployment focused and managing of fund on in resolutely company's reducing the are and

plan understand and painful. of amount cash We continue liquidity second growth as We a are reasonable to financial and achievement consumption the business for carefully sustainable results discipline manage goals. execution operate to maintain quarter were challenges to the our business managing the that with to and of focus so our

Stryve accountability, fantastic Chris us we with attractiveness in underway, company's past did which the family took across need and evolution We and gives us response imperatives. provide on creation facets the brands. accountability shortly. goals, operating practices, In value challenged operating learnings culture and have accountability plan, highlight to QX, and company's a this metrics. been have toll. the the us and Under our its our restructuring in consumers productivity household However, with will and develop the target firmly penetration serve transformational have appeal goals term. and new objectives, their great we it the under broad These consumer of changes confidence the of with foster and that strategies Chris's benefit of long of leadership, amplified experience These excellence, to drive business directives all clarity capabilities believe the and make will

propel pleased paired have us QX margins challenging progress. the organization trend tasks last to reduce our track with on targets, Clear is positive I like of execution ahead that With to to meaningfully Chris. productivity. three but tracking to that end, with show that plan streamline products quarters. and and We plan the We're of in towards to expenditures, plans excess share of achievable profitability. the the driving I'm turn deployed back structure consumers numbers manage results that that, our executing internal it gross goal early and of alignment preliminary reporting working against To non-value budgets will focused our and and and love added would

Chris Boever

Thank gross a 'XX. XXXX. million are and the margins plans, sales to our quality to a million progress sequential guided million you, $XX towards the of for full of guidance, factoring Upon in and $XX review $XX half of to during Alex. year further Relative of range first million net we makeup of significant previously now in range restructuring the to to we improvement getting of profitability ensure and to a restoration a reaching higher $XX revenue,

now revenues. due supply non-profitable We COVID half, have planned XXXX. the challenges, the of timing back the on which related have previously we eliminating the equipment for for platform identified are planned innovation is Further, delay to and experienced chain

with We are gross prioritizing Additionally, margins and initiative revenues these in QX an we QX rationalize will actions will portfolio, to we core our SKUs. this our sales that optimize optimize growth sequential intentional portfolio of from delivering anticipate into year. moving net

challenges on have through clarity the managed I ahead. tasks my have past. in We similar

of align the startup we a goods on three to Alex These journey, a available and We packaged beyond are the and moving important this that business company recognized plan are the with a transformational country. on throughout that are touched well-known company respected productivity brands consumer that basis around our focuses categories. imperatives will team

fact quality are disciplined successful the of It's a of First, building growth. pillar fundamental business execution. on focused all CPG prioritization and companies with we the based ensuring

then We accretive will core build margin our innovation. through and add more

includes to deliver rationalization, Secondly, project productivity management we gross decision making. architecture, and price such projects margin will drive extend that important SKU based design is pack This ROI simplification, value, the which profitability. as how and

Third execution. critical and initiative every discipline to is other

to driving fact, concept accountability companies today required move We they will to the be world known highly with is we do. This maniacal flywheel engaged about team where a are in class. a our execution everything from

confident lead strategy has. further tremendous to of I this profitability company. will We business the ultimately for because stability that joined our and our Stryve potential upside are very that

to We category competing be our quality products attributes are in that the high are tasting with a fortunate best with unmatched best peers. by growth

our from plan line We skill and trend our questions. built, open will that, on to to offers full have the up we'd With energy extremely and excited that our and significant about for made most team Operator? brands growth The confident potential. we our like potential. unlock commitment and have the reach the that and has

Operator

go Group. ahead. from Alex [Operator with Instructions] Craig-Hallum is Our Capital Please Fuhrman first question

Alex Fuhrman

my for question. thanks Great, guys taking

going give back us bit it you many given Sales more on there know, give you're wholesale? know, doing pulling restructuring, on that You sense a margin and so are can for little the be half know, out you color some wasn't back these expenses this little the guys a to in if you big detail would where wondering you into the specifically to direct expenses? cuts what that where us you were or how of that's too consumer just on totally second pulling more that's maybe itself are know, pretty and bit to Can there. any opportunities that of acquisition year, see revenue be, and the that a high? expense of target headwinds on marketing makes Wondering you you just in should that pullback - going to just we manifest costs where

Alex Hawkins

a things. Yes thanks just for Alex couple the question

providing of the we going it'll combination expense management, people those that detail tell to of our of this, but I'll things, channel the be management, the returns amongst And of comes mix be the that the get not specificity We management. is you three against investment where are sold management, channels of product with channel level and revenues. a against through, each

and volumes and some overtly create We overtly have identified - identified that out don't historically or value. be to we've moved repeated, plan that and were done, intentionally

will we're are And how that a a does will So in has to it it ultimately the investment, just shift do in revenue. drive But mix product very we what not in. that on way return targeted doing. of the come

Alex Fuhrman

but next base give the this a bit should in to you Obviously could the the just know, year, there of dramatic year, EBITDA that And of numbers get is us you be be it numbers looking like sense you for gross assume of have half would little on can lower about not And we're guidance the next the what first is Okay, to that going the going - you that that's thanks. can year, just reach about, been the then adjusted lower profitability the probably of EBITDA, would get be bit I reduction a year? might that, the in a to talk year, next for really first little an half thinking first we helpful the that to of metric more, with just year? half revenue Can you Is - more previously, you've more sales to inflection to sense you're positive expenses? give we for? target you this that same giving the guidance reporting look the like a what in margin? of Is then us just year? basis of look adjusted for that, kind

Alex Hawkins

I'll, Well answer you. of that this Alex, for is I will part

is keying in we're yes, So on that statements. kind EBITDA those for metric of the adjusted

And we'll on part normalization of a you so margins. gross that's know, where we shared strategy track staying of curve to, obviously as ahead the of is our very important here any and our there. we first giving reaching for in do of yet, inflection issues or We're that than other just commodity the half specific not year. year point next guidance inflationary out any next That's anticipate

optimizing I network. to improving a the going and spin think our gross you growth - distribution as throughout to foster continuing of combination throughout that's margins, inferred, in quality growth of, P&L, be our our our

Chris Boever

add it. to I'll color just a little Yes,

organizational You it of up we DCs. - use from development you optimizing private utilization inventory in capacity mindset you impact demand will to delivery opportunities time well. consolidations lot line will free opportunities and discipline the intense flow, as to the plan specs into of drive to that way ultimately time. and products that can can and know, it be in overt real our from opportunity have have supports that presents Getting to both the service cash then of products that stages or sourcing allocations compound and the potential improve level but labor complements revenues comes products, top plant the the our Having a to we more professional we and so have From properly other into that achieve a type a capital consultants products of do and the service order the waste, own so we getting from our we kind in generate. a early When providers. design network, our in process what to need down demand all around And headcount, and both and improvements we multiyear to COGS our it very sizes when the company bottom of really from management direct network zero manufacturing the in turn fulfil it then that of providers the also the need of sometimes of the an cycle and whether that's third-parties, from byproduct side, stays label coming we be a the my it lens.

all some of and, sold some delivering with the those of the portfolio primarily a hanging there's to skews, without optimization of of lot skews, that low based would So say of some complexity from frankly, the of headlines the fruit just direct are consumer concert we're - which in on were value. just rationalizing I some a adding lot on quite there.

Alex Fuhrman

That's both you really very helpful. Thank much.

Operator

next The Cowen ahead. Please & Company. with Brian from is go question Holland

Jacob Henry

Hi, is good for morning, Henry everyone. This Brian on Jacob Holland.

was an around quarter. is distribution. I the believe there question expectation strong distribution progress in for First

wondering provide like given I'm around color what looks line top some could your that results? you against So the expectations, if

Chris Boever

thanks question. Yes, the for

Stryve continue impressive, therefore look whitespace lot had and the very some But broader channel. it but some velocity looks continued impressive. new standpoint, it of is started. well We both was distribution We've of perspective, just is base XX-week service some because the then teams. just started on And higher obviously customer so distribution our with that pricing. basis, at an we're there. Because distribution getting see frankly, to a and can on to go be growing, in disruptions. very with bit growth we experience Kalahari doing you you that our - muted muted. from is it read in the you the And a brand. going able much with bit bit And And natural kind strongest when service from the deals whitespace from a lack from there, drive of we've out that a it very providers, muted have. is it but And distributions of a still gains, and brand, clear data and of quite numbers ACV were got there's that it little after the to we a we're amount to been in the getting is

prioritization and to channel As development.

good progress, showing, of the muted on providers period So several stock an time. are little of because skews bit providers service what and we're out just consumption for extended on

Jacob Henry

That's Great, remarks. moderating what Changing helpful. costs you and should thank here Can we beef flowing topics the - think about you. to were also just you're that cited prepared through during your how us hedged P&L extent here? remind

Alex Hawkins

Sure, provide what so can. I I'll color

publicly specifics strategies related quarter. that. We facility, production of around hedging the to challenges yields going respect haven't like ultimately, the we any certain continue you opportunities in yield it and beef we one know, our as itself goes had second costs, our a to our of commented combination anything cost With it's input as or shared which yield, through is our to to optimize be on

So effective affect we with that that early as country are the moving starting as improve most offsets there. know, costs that, challenges now. to see then recognize indications we'll some it through see you forward. P&L. beef the the we beef we will that right drought of that pricing And across conditions there we're the as beef, to shared, continue But And flows ultimately normalcy hopefully

ahead forward monitor closely to increases continue push proactively some moving and that we'll so gone forward. we've price And and

Jacob Henry

lot then Stryve, with at Stryve turnaround and and That's is Foods helpful. a - been part at your current And last through for value a innovation standout its a you're what you. XX to about Chris, thank you. of and company now grand one weeks Okay, Celestial applicable investment you've Hain of as Pinnacle Prior at for while the most positioning? creation of

Chris Boever

and follow efforts really true really kind really one. strategy your thank getting the those team. well as and as staying - of there's both foundation and that your and on Hain clear the to And the for experiences prioritization. way for strategies that you two that And is lean Pinnacle Foods that the and core consistent Yeah, paramount will I'll

accretive Secondly, today. presence And category, we're our innovate with expand when will the get we margin us into new will spaces. and innovate, expand and we brand not intensions that different and

what very is. So optimistic about this

circles. brands on into concentric these the an core have of All capabilities from expansion and more a room lot household expandable with and penetration run complementary

Jacob Henry

thank helpful you both. Very

Operator

Securities. The Mike with next ahead. Northland is go question Please Grondahl from

Mike Grondahl

you between that went Yes, your trying to that thanks, limited then to sales goods understand guys. promotion I'm much Could and to at other retailer those sold cost that sales, the breakout of sales sales to that related how was all negative of at just retailer?

Chris Boever

of Well, for question. Good you I'd degree lot But it would to that a I know, big us. I get of be tell detail. of positives I program it degree can't you detail. love to very that able provide not will to unfortunately created just you, was a

it to shopper audience consumer very us exposure base. a and national foremost, got and First attractive,

expansion, very, this supports that and than actual creates drive lot when only definitely happens, a With us in being awareness, our partner as win-win-win impressive. because result consumer. we we around way repeat, a be and trial for was a the locations retailer, but smart many opportunities our others we a data us, there for and follows. particular sell-through promote know that it thirdly, more is going it. making being that for prioritization very said, to trials to of of promote, shopper with And able that of about think we'll mindful it's we're what journey and also certain excited and how continue - when Secondly, what distribution, And the not our our and and we that's our about

the for definite but a and albeit can learnings, to ones, but how point learnings, just lowest company cost we as not manufacture internally inflection efficient consumer, effective on with some a possible. of is a of of expensive this the shopper So with the good lot also goods be lot

Mike Grondahl

Got do it. you XQ that retailer in think are And will you your going be there be working XQ, there'll numbers? forward with -

Chris Boever

of present all on data the working retailers be of to we're I do the in just And hope future you. what about - with with them? shared can you off we're optimistic some with We based we can dialogue. assure like I

Mike Grondahl

it? then out were into retailers large, of more? just extensive was retailer Got that bit really how that And little could go if a you're that you stock other

Chris Boever

I one shared take things than the Alex the tonnage from away through was, the before. the of volume, to triple that Yes, actual what we take we've of one from ever think away manufacturing amount did sites done thing

that learned quite stress we did it had the the revenue. important growing some expectations and as With of really didn't did being bit a lessons quickly challenges learned being that's restored. the believe we But we that lose as company. that downstream So young capacity, we lose said, are Those a within distribution organization.

Mike Grondahl

Okay.

Chris Boever

that's product, back some bit distributors, - it's slower such We're and retailers. of pipeline with direct business and shelf to And the to process alternative through some go gets means oh, the of wholesalers market, distributors, to some you our go it go route we a retailers, direct where a have one like very larger other is fashion. in the than through back on and CPG through where specialty the hybrid fast we got

in we're getting comments, company a product it's time earlier only back it's little effectively, - more very and being in margins, up drag a and but productions But the that not with So a running also stores. the stock the we're back Alex's said, bit for to restoring like of us. and efficiently

Mike Grondahl

by Because define mean materials Xx as you challenges? was that and manufacturing fast so you or you yield do it raw you you challenges? get like produce it couldn't meant just by of couldn't thought Was manufacture? as you yield sounds what Got can Alex, kind what

Alex Hawkins

we're as as product scale, times as is with to anything United ramped profitability. and ever that know, actually business our learnings drying the beef processing you tonnage kind obviously whole a it production out ever we're challenges are of key maximizing Sure, And the some arose. of that this that and three to a production in yield do converting finished done, this in be States folks first in there we've given muscle on to critical basis margins our and our we at

they was challenge into door. a against - you we're are optimize matter the we minimize our should to to to identified comments of deal restoring ounces we of And, finished waste our the and more waste have path for organization raw Christ it and a yields comments continue ounces to meaningful know, and zero we've as executing made where be, So mindset work we'll and our effectively conversion transition out progress, of before. around

Mike Grondahl

commented the headcount Got today it. is it, And of where headcount, the then versus guys but year? you beginning on got

Alex Hawkins

So publicly. disclosed we other haven't than

Chris Boever

have employees. know, It's our outside Yes parts I and balance right - service optimize, getting use - mean, striking we you to always providers, own also that all that we multiple of flywheel.

trying everyone rather operating want we've run you the than, of be at, to the manufacturing a service delivery business. of have opportunities cost ways we expenses efficient, And our and roles as from responsibilities part effective appropriately, an clarified within, or to providers effect, and and So to of solve opportunity. utilize, well, pursue we've actually compounding and know, got or which we right working, know, will targeted fix have sized own as is but to you

four, more So versus to one yield and one much fluid and stronger focused will it's the plus the factors five to two. much be addition going three, of compounding will,

Mike Grondahl

to non-dilutive Got no, just that. it. want you non-dilutive? you warrants, $XX lastly there? nothing just what's And timeline there's by options. there's no, then the just equity verify to There's million could financing rough mean And that what linked Is I and

Alex Hawkins

anticipate closing. towards but And the short so we're order. it yes, senior place Right it's want and will that'll expeditiously features That's actual we're be in near-term. a that working on happen dilutive definite timeline correct. that in - diligently very now it, no put don't believe we I to working the We're that under to in letter. We just financing.

Mike Grondahl

Got it.

thank you. Okay,

Operator

This question-and-answer I like back concludes the over to for management turn remarks. session, call the closing would to

Chris Boever

questions Thank listening and in for you all dialogue. fantastic and some

our excited company. you tell, And thanks that about potential make. and we're future As for interest in progress starting can to very the your we're

presenting August upcoming Midwest at the in IDEAS will We Conference Chicago XX. on be

out So Part if Advisors. with us, to please like reach one-on-one to schedule you'd a meeting Three

an have forward look our providing great results few third a progress you we day. of Thank to when a months. quarter Finally, report update in we and

Operator

conference call. This concludes today's

you disconnect pleasant participating for your have day. a and may lines. You Thank

Stryve Foods (SNAX) 15 Aug 222022 Q2 Earnings call transcript