Better Choice pany (BTTR)

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Better Choice Company Signs Non-Binding Term Sheet to Sell Halo Asia for $6.5 Million in Cash at Closing and a 5-Year Royalty Valued at a Minimum of $1.65 Million
Globenewswire· 2025-01-28 14:00
Core Viewpoint - Better Choice Company has signed a non-binding term sheet to sell its Halo business in Asia for $6.5 million in cash, along with a 3% royalty on sales over the next five years, while retaining ownership of its North American and rest-of-world operations [1][2][3]. Group 1: Transaction Details - The sale price for the Halo business in Asia is set at $6.5 million in cash at closing [1]. - The Buyer has paid a $500,000 non-refundable deposit, indicating commitment to the transaction [2]. - A minimum royalty payment of $330,000 per year is guaranteed, totaling $1.65 million over five years [1]. Group 2: Strategic Implications - The transaction is expected to strengthen Better Choice's balance sheet and allow for a greater focus on North American and global operations [3]. - The company is actively exploring ways to create shareholder value through this sale and other strategic initiatives [3]. Group 3: Company Overview - Better Choice Company is a growing pet health and wellness company that emphasizes nutrition-based approaches to pet health [4]. - The company markets its products under the Halo brand, which focuses on sustainably sourced pet food options [4].
Zacks Initiates Coverage of Better Choice With Neutral Recommendation
ZACKS· 2024-12-24 15:41
Core Viewpoint - Zacks Investment Research has initiated coverage of Better Choice Company, Inc. (BTTR) with a Neutral recommendation, indicating a balanced outlook on the company's performance in the competitive pet care industry [1] Company Performance - Better Choice achieved its first profitable quarter in over four years in Q3 2024, reporting adjusted EBITDA of over $0.2 million and improved gross margins of 40% [7] - The company has made significant progress in digital sales channels, which now account for a substantial portion of its revenues, with increased repeat purchases and strong subscription growth [6] Market Position and Challenges - Better Choice's market capitalization is modest at $4.2 million, and the stock has underperformed compared to peers and the broader market, trading at a significant discount relative to industry averages [3][5] - The company faces challenges due to its reliance on Asia-Pacific markets, which exposes it to regulatory, economic, and competitive risks [2] - Elevated competition in the premium pet food sector, dominated by major players like Mars and Nestle, necessitates continued investment in branding and innovation [8] Growth Opportunities - The company's growth is heavily driven by international markets, particularly in the Asia-Pacific region, where pet ownership is surging, especially among younger demographics seeking premium products [4] - Better Choice's acquisition of SRx Health Solutions enhances its revenue diversification strategy and aligns with its plans to enter the veterinary pharmaceuticals market under the "Better Pet Rx" initiative [9] Operational Efficiencies - Operational efficiencies have been noted, including a 48% reduction in inventory levels and a 97% supply chain fill rate, which support the company's recent profitability and position it for sustained growth into 2025 [7]
Better Choice Company Provides Shareholder Update Regarding its Authorized Stock Repurchase Program
Newsfilter· 2024-12-17 12:00
Core Viewpoint - Better Choice Company, Inc. is actively repurchasing shares as part of its stock repurchase program, indicating confidence in its valuation and growth prospects [1][2]. Company Overview - Better Choice Company, Inc. is a pet health and wellness company focused on providing nutrition-based products for pets, aiming to enhance the health and longevity of dogs and cats [3]. - The company primarily sells its products under the Halo brand, which emphasizes sustainably sourced ingredients and minimally processed options [3]. Stock Repurchase Program - The company has repurchased 102,405 shares at an average price of $1.9869 per share, under a program allowing up to $5 million in repurchases until December 31, 2024 [1][2]. - The repurchase strategy is influenced by various factors, including market conditions, stock availability, and the company's financial performance [2].
Better Choice pany (BTTR) - 2024 Q3 - Quarterly Results
2024-11-15 19:56
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value share BTTR NYSE American FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 12, 2024 Better Choice Company Inc. (Exact name of Registrant as Specified in its Charter) Delaware 001-40477 83-4284557 (State or other Jurisdiction ...
Better Choice pany (BTTR) - 2024 Q3 - Earnings Call Transcript
2024-11-15 07:47
Better Choice Company Inc. (NYSE:BTTR) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Valter Pinto - Investor Relations Kent Cunningham - Chief Executive Officer Nina Martinez - Chief Financial Officer Conference Call Participants Operator Good day, and welcome to the Better Choice 2024 Third Quarter Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note today's event is being recorded. I would now like to turn ...
Better Choice Shares Down Despite Posting Strong Q3 Earnings
ZACKS· 2024-11-14 18:26
Shares of Better Choice Company Inc. (BTTR) have lost 9.3% since the company reported its earnings for the quarter ended Sept. 30, 2024. This compares to the S&P 500 index’s -0.2% change over the same time frame. Over the past month, the stock moved -3.4% versus the S&P 500’s 3.3% change.For the third quarter of 2024, Better Choice’s EPS improved 132% year over year to 73 cents. It reported revenues of $11.4 million, reflecting a decline of 13% from the prior-year quarter. Stay up-to-date with all quarterl ...
Better Choice pany (BTTR) - 2024 Q3 - Quarterly Report
2024-11-14 01:51
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40477 Better Choice Company Inc. (Exact name of registrant as specified in its charter) Delaware 83-4284557 (State or other j ...
Better Choice Company to Present at the Sidoti Micro Cap 2024 Virtual Conference
GlobeNewswire News Room· 2024-11-07 13:00
TAMPA, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced that management will be participating at the Sidoti Micro Cap Conference virtually on November 13-14th, 2024. Sidoti Micro Cap Virtual Conference:Date: Wednesday, November 13, 2024Time: 10:00 a.m. ETWebcast: https://sidoti.zoom.us/webinar/register/WN_Xi2-FlIBRs26Rl27QNnt2A Management will be available for 1x1 meetings throughout the conferen ...
UPDATE -- Better Choice Company Chairman Issues Letter to Shareholders as Company Continues to Make Progress Towards the Closing of its SRx Health Acquisition
GlobeNewswire News Room· 2024-10-18 11:49
Combined company will emerge as a leading global health and wellness company by providing better products and solutions for pets, people, and families Combined 2025 revenue and EBITDA expected to be approximately +$270 million, and +$10 million, respectively1 Better Choice net tangible book value is $4.07 per share2 and net current asset value per share is $3.943 Transaction is expected to close in late Q4 2024 or early Q1 2025 TAMPA, Fla., Oct. 18, 2024 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR ...
Better Choice Company Chairman Issues Letter to Shareholders as Company Continues to Make Progress Towards the Closing of its SRx Health Acquisition
GlobeNewswire News Room· 2024-10-18 10:00
Combined company will emerge as a leading global health and wellness company by providing better products and solutions for pets, people, and families Combined 2025 revenue and EBITDA expected to be approximately +$270 million, and +$10 million, respectively1 Better Choice net tangible book value is $4.07 per share2 and net current asset value per share is $3.943 Transaction is expected to close in late Q4 2024 or early Q1 2025 TAMPA, Fla., Oct. 18, 2024 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR ...