Safety Shot jumps after raising Q4 sales forecast

Bonk

12/12/2024 15:36

** Dietary supplement company Safety Shot  SHOT.O  shares up
18% at $1
    ** Co projects Q4 net sales growth surge of 50% over that of
Q3, driven by holiday season, a key period for consumer spending
    ** Co says expectation is due to successful rebranding of
its flagship product - Sure Shot, alliances with retailers, and 
sale of securities, which have provided capital to fuel growth
    ** Expects this upward trajectory to continue through
December
    ** Co's wellness product, Safety Shot, helps in lowering
blood alcohol content by supporting its metabolism
    ** SHOT stock has fallen 75% YTD, including session's moves

 (Reporting by Aamir Sohail in Bengaluru)
 ((Aamir.Sohail@thomsonreuters.com;))