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  • MamaMancini's Holdings, Inc. (MMMB) Demonstrates Strength And Strategy In Growth Initiatives, Financial Results 0 comments
    Nov 19, 2013 5:16 PM

    MamaMancini's manufactures and markets specialty pre-prepared frozen and refrigerated "all natural" food products. The company on its website also provides consumers with food-related blogs, unique recipes, and video cooking instructions.

    As an emerging company, MamaMancini's offers a small assortment of Italian food products in gourmet catalogs as well as on approximately 19,500 shelves in supermarkets and club stores across the nation. This compares to inventory stocked on approximately 12,000 shelves a year ago.

    Through successful efforts to expand its distribution channel, MamaMancini has established distribution partnerships with major retailers such as Costco, Publix, Shop Rite, Price Chopper, Redners, Pathmark, A&P, Waldbaums, Food Emporium, Whole Foods, Shaw's Supermarkets, Kings, Key Foods, Giant Eagle, Stop-n-Shop, Giant Stores, Food Town, Kroger, Winn Dixie, Market Basket, Albertsons, Shoppers, Wal-Mart, Marsh's Supermarkets, Bashas, Bi-Lo, Central Markets, Weis Markets, Ingles, and The Fresh Market.

    These strong distribution channels have driven third-quarter triple-digit revenue growth and add weight to the company's guidance for continued increases throughout the fourth quarter of 2013.

    Third-quarter revenues increased 124 percent to $2.17 million compared to revenues of $0.97 million reported in the third quarter of 2012, reflecting an increase in the number of locations that carry the company's products.

    SG&A for the quarter was $1.1 million compared to $712,000 as the company ramped up its advertising and marketing to create brand awareness. Looking ahead, MamaMancini plans to launch radio, social media and other marketing campaigns, and as a result of ongoing and future efforts expects fourth-quarter revenue to grow between 133-158 percent to between $2.8 million and $3.1 million.

    For more information, visit mamamancinis.com

    MissionIR provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.missionir.com

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