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Benzinga
Benzinga
Business
Shivani Kumaresan

Stryve Foods Stock Pops On Broadened Distribution Deal With Costco, Walmart

Stryve Foods Inc (NASDAQ:SNAX) has signed new agreements for the 2022 expansion of its domestic U.S. distribution footprint and product line penetration with Costco Wholesale Corp (NASDAQ:COST) and Walmart Inc (NYSE:WMT).

  • Select Stryve Biltong, and Vacadillos products will be available every day at Costco warehouses in Arizona and business centers nationwide, doubling Stryve's previous Costco distribution. 
  • As part of the expansion, Costco will begin carrying the 12 oz Hickory flavor of Stryve Biltong amongst its healthy and nutritious Stryve and Vacadillos offerings.
  • At Walmart, Stryve is set to add in April two new Vacadillos Carne Seca SKUs (Chili Lime and Habanero) and a Stryve Biltong multipack to its array of products offered at Walmart Supercenters.
  • Stryve's total retail footprint stands at more than 30,000 retail locations.
  • Price Action: SNAX shares are trading higher by 19% at $4.00 on the last check Thursday.
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