BranchOut Food Ships First Production of New, Innovative Products to Nation’s Largest Retailer, Initiating Second of Three Existing Contracts Totaling $8M
BranchOut Food (NASDAQ: BOF), a leading food technology company, has shipped the first production of its new dried brussels sprouts and dried carrot sticks to the nation's largest retailer. These innovative products, leveraging BranchOut's GentleDry technology, will see a nationwide launch in July 2024. The shipments are part of a broader $8 million annualized revenue contract with the retailer, which includes requests for additional flavored variations. CEO Eric Healy emphasized the potential for increasing the number of BranchOut items on retailer shelves. The GentleDry technology preserves the nutritional content, color, and flavor of fresh produce.
- BranchOut Food ships new products to the nation's largest retailer.
- Contracts with the retailer total approximately $8 million in annualized revenue.
- Nationwide launch of dried vegetable products scheduled for July 2024.
- Potential for additional product variations and increased shelf presence.
- Innovative use of proprietary GentleDry technology to preserve product quality.
- None.
Insights
The announcement by BranchOut Food Inc. of shipping new products to the nation’s largest retailer is a noteworthy development. The $8 million in annualized revenue from ongoing contracts represents a significant addition to the company’s top line. Notably, the introduction of dried brussels sprouts as a first-to-market offering and dried carrot sticks caters to the growing demand for innovative, healthy snacking options.
Financially, the immediate revenue boost is positive, but investors should consider the sustainability of these gains. Long-term growth will depend on consumer reception and the ability to develop further variations that meet retailer and consumer expectations. The success in these areas can lead to expanded shelf presence and higher recurring revenues.
The proprietary GentleDry technology, which preserves the nutritional quality, is a market differentiator. However, the broader impact on stock value hinges on the scale achieving these sales figures and maintaining margins.
BranchOut Food’s entry into the retailer’s shelves with new vegetable products taps into the healthy eating trend. The move aligns with consumer preferences for nutritious, convenient snacks. The partnership with a major retailer ensures extensive market reach, significantly enhancing brand visibility.
As the company leverages its GentleDry technology, it offers a unique selling proposition that can differentiate it from competitors. Monitoring the market reception of these products will be crucial. A positive response could open avenues for additional contracts and product lines, thereby strengthening BranchOut Food’s market position.
However, competition in the healthy snacks segment is fierce. Continued innovation and retaining the retailer’s interest will be key to sustaining growth. The potential for future product requests indicates a strong relationship, but execution remains vital.
BranchOut Food contracts with the retailer now total approximately
New dried vegetable offerings have shipped ahead of a nationwide launch in July 2024
BEND, Ore., June 26, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced it has shipped the first production of the new products that will be launched nationwide in July 2024 by the nation’s largest retailer.
The dried brussels sprouts, a first-to-market offering, and dried carrot sticks are innovative new products requested by the retailer.
Eric Healy, CEO of BranchOut Food, said, “We are excited to continue growing our relationship as a trusted partner to this large, brand-name retailer. In addition to the products shipped this month, the retailer has asked BranchOut Food to develop a number of additional flavored variations of the products that it will review for future opportunities. We look forward to potentially increasing our item count on shelves with this retailer.
“BranchOut Food is committed to delivering innovative products using our proprietary GentleDry technology, which locks in the nutritional content, color and flavor of fresh fruits and vegetables. We are proud to rise to the challenge of developing new products as we work to meet the demand of repeat requests.”
BranchOut Food’s proprietary GentleDry technology locks in the nutrition, color, and flavor of fresh fruit and vegetables.
About BranchOut Food Inc.
BranchOut Food is an international food-tech company delivering truly great natural snacks and real superfood ingredients enabled by its licensed dehydration technology. The company’s GentleDry Technology is the next generation in dehydration technology, preserving up to
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations or forecasts of future events. Forward-looking statements may be identified using words such as "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate", "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements with respect to the operations of BranchOut Food, Inc., (the Company) strategies, prospects and other aspects of the business of the Company are based on current expectations that are subject to known and unknown risks and uncertainties, which could cause actual results or outcomes to differ materially from expectations expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Although it may voluntarily do so from time to time, the Company undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
For more information
Jeff Ramson
PCG Advisory
646-863-6893
jramson@pcgadvisory.com
FAQ
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