Financial News

Net Revenue for Starco Brands Falls in Q3 2024

“Throughout 2024, we've focused on building a stronger operational foundation while gathering valuable market intelligence across our brand portfolio,” says CEO Ross Sklar.

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By: Lianna Albrizio

Associate Editor

Starco Brands – owner of “clean” fragrance brand Skylar – reported a decrease in revenue for Q3 2024 from $15.5 million compared to $17.7 million in the prior-year quarter. The decrease in reported net revenue was driven by more targeted e-commerce sales for Soylent due to strategic reductions in inefficient marketing spend resulting in unprofitable sales, as well as lower retail volumes due to a large retailer merging an entire set for ready-to-drink meal replacement category, officials said...

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