Barfresh Begins Selling “Pop & Go” 100% Juice Freeze Pops and Confirms Record Third Quarter Revenue
Barfresh has started selling its new 100% juice freeze pop, Pop & Go™, to the education channel, with revenue expected to begin in Q4 2024. The product contains half a cup of fruit juice, no added sugars, preservatives, artificial flavors, or colors, and complies with USDA reimbursable meal programs and Smart Snack standards. This launch complements Barfresh's existing school offerings. Preliminary figures indicate record Q3 2024 revenue of over $3.6 million, a 40% year-over-year increase, driven by increased production capacity and customer wins. CEO Riccardo Delle Coste highlighted the product's potential to significantly contribute to revenue, initially targeting school lunch menus but with plans to expand into other foodservice and retail channels. Detailed financial results and further information on Pop & Go™ will be discussed in the upcoming Q3 business update call.
Barfresh ha iniziato a vendere il suo nuovo ghiacciolo al 100% di succo di frutta, Pop & Go™, nel settore dell'istruzione, con ricavi previsti a partire dal quarto trimestre del 2024. Il prodotto contiene mezzo bicchiere di succo di frutta, senza zuccheri aggiunti, conservanti, aromi o coloranti artificiali, e rispetta i programmi di pasto rimborsabili USDA e gli standard Smart Snack. Questo lancio integra l'offerta attuale di Barfresh per le scuole. I dati preliminari indicano ricavi record di oltre 3,6 milioni di dollari nel terzo trimestre del 2024, con un incremento del 40% rispetto all'anno precedente, grazie all'aumento della capacità produttiva e ai successi con i clienti. Il CEO Riccardo Delle Coste ha sottolineato il potenziale del prodotto di contribuire significativamente ai ricavi, inizialmente mirando ai menu delle mense scolastiche, ma con piani di espansione in altri canali di ristorazione e retail. I risultati finanziari dettagliati e ulteriori informazioni su Pop & Go™ saranno discussi nella prossima chiamata di aggiornamento aziendale del terzo trimestre.
Barfresh ha comenzado a vender su nuevo helado de jugo 100%, Pop & Go™, en el canal educativo, con ingresos esperados para el cuarto trimestre de 2024. El producto contiene media taza de jugo de fruta, sin azúcares añadidos, conservantes, sabores o colores artificiales, y cumple con los programas de comidas reembolsables del USDA y los estándares de Smart Snack. Este lanzamiento complementa la oferta escolar existente de Barfresh. Las cifras preliminares indican ingresos récord de más de 3,6 millones de dólares en el tercer trimestre de 2024, un aumento del 40% año tras año, impulsado por una mayor capacidad de producción y éxitos con clientes. El CEO Riccardo Delle Coste destacó el potencial del producto para contribuir significativamente a los ingresos, inicialmente dirigiéndose a los menús de almuerzo escolar, pero con planes de expandirse a otros canales de servicios de alimentos y minoristas. Los resultados financieros detallados y más información sobre Pop & Go™ se discutirán en la próxima llamada de actualización empresarial del tercer trimestre.
Barfresh는 새로운 100% 주스 얼음 간식 Pop & Go™를 교육 채널에 판매하기 시작했으며, 수익은 2024년 4분기부터 발생할 것으로 예상됩니다. 이 제품은 반 컵의 과일 주스를 포함하고 있으며, 추가 당분, 방부제, 인공 향료 또는 색소가 없으며, USDA의 환급 식사 프로그램 및 스마트 간식 기준을 준수합니다. 이번 런칭은 Barfresh의 기존 학교 제공 제품을 보완합니다. 초기 수치는 2024년 3분기 기록 수익이 360만 달러를 초과하며, 연간 40% 증가한 것으로, 이는 생산 능력 증가 및 고객 확보에 의한 것입니다. CEO Riccardo Delle Coste는 이 제품이 수익에 상당히 기여할 가능성이 있음을 강조했으며, 초기에는 학교 점심 메뉴를 타겟으로 하지만, 향후 기타 식음료 서비스 및 소매 채널로 확장할 계획이라고 밝혔습니다. Pop & Go™에 대한 자세한 재무 결과 및 추가 정보는 곧 있을 3분기 비즈니스 업데이트 전화 회의에서 논의될 예정입니다.
Barfresh a commencé à vendre son nouveau popsicle 100% jus de fruit, Pop & Go™, au secteur de l'éducation, avec des revenus prévus à partir du quatrième trimestre 2024. Le produit contient une demi-tasse de jus de fruit, sans sucres ajoutés, conservateurs, arômes ou colorants artificiels, et est conforme aux programmes de repas remboursables du USDA et aux normes Smart Snack. Ce lancement complète l'offre scolaire existante de Barfresh. Les chiffres préliminaires indiquent un revenu record de plus de 3,6 millions de dollars au troisième trimestre 2024, soit une augmentation de 40% par rapport à l'année précédente, tirée par une augmentation de la capacité de production et des nouvelles acquisitions de clients. Le PDG Riccardo Delle Coste a souligné le potentiel du produit pour contribuer de manière significative aux revenus, visant initialement les menus de déjeuner scolaire, mais avec des plans d'expansion dans d'autres canaux de restauration et de vente au détail. Les résultats financiers détaillés et d'autres informations sur Pop & Go™ seront discutés lors de l'appel de mise à jour sur les affaires du troisième trimestre à venir.
Barfresh hat mit dem Verkauf seines neuen 100% Fruchtsaft-Eis am Stiel, Pop & Go™, im Bildungsbereich begonnen, wobei die Einnahmen voraussichtlich im vierten Quartal 2024 beginnen werden. Das Produkt enthält eine halbe Tasse Fruchtsaft, keinen zusätzlichen Zucker, keine Konservierungsstoffe, künstliche Aromen oder Farbstoffe und erfüllt die Richtlinien der USDA für erstattungsfähige Mahlzeiten sowie die Standards der Smart Snacks. Dieser Launch ergänzt das bestehende Schulangebot von Barfresh. Vorläufige Zahlen zeigen Rekordumsätze von über 3,6 Millionen Dollar im dritten Quartal 2024, was einer Steigerung von 40% im Vergleich zum Vorjahr entspricht, getrieben durch erhöhte Produktionskapazitäten und Kundengewinne. CEO Riccardo Delle Coste hob das Potenzial des Produkts hervor, signifikant zum Umsatz beizutragen, wobei zunächst die Schulmittagessen angestrebt werden, jedoch auch Pläne bestehen, in andere Gastronomie- und Einzelhandelskanäle zu expandieren. Detaillierte Finanzberichte und weitere Informationen zu Pop & Go™ werden in dem bevorstehenden Q3-Geschäftsupdate-Call besprochen.
- Preliminary Q3 2024 revenue of over $3.6 million, a 40% increase year-over-year.
- Launch of Pop & Go™ expected to generate additional revenue starting in Q4 2024.
- Positive initial response from education channel partners for Pop & Go™.
- Increased production capacity and accelerated customer wins.
- None.
Company Starts Generating Revenue from Pop & Go in Fourth Quarter 2024
Preliminary Figures Indicate Record Quarterly Revenue of over
Company Continues to Expect to Achieve Record Annual Revenue in Fiscal Year 2024 and Year-over-Year Margin Improvement
LOS ANGELES, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Barfresh Food Group, Inc. (the “Company” or “Barfresh”) (Nasdaq: BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, announced that it has commenced selling its new
Pop & Go™ contains a half-cup of fruit juice, no added sugars, no preservatives, artificial flavors or colors, and is compliant with USDA reimbursable meal programs and Smart Snack compliant. This new item complements the Company’s existing school offerings, including 1:1 bulk easy pour, 5:1 juice concentrates, and Twist & Go products.
In addition to this product launch, Barfresh announced that preliminary figures indicate record quarterly revenue for the third quarter of over
Riccardo Delle Coste, the Company's CEO stated, "We are excited to bring Pop & Go™ to market through our valued education channel partners, marking a pivotal moment in our growth strategy. This new product strategically targets lunch menus in schools, which can be up to five times the volume of our current breakfast menu offerings. The initial response from students and administrators has been extremely positive, reinforcing our confidence in Pop & Go’s™ potential to be a meaningful contributor to our top line. While we’re initially focusing on schools, we see a clear path for Pop & Go™ to expand into other foodservice and retail channels in the future, further broadening our market reach.
Moreover, we’re proud to announce preliminary third quarter results indicating record quarterly revenue, achieved even before the roll out of Pop & Go™. This performance not only showcases the strength of our existing product lines and sales force, but also underscores the robust foundation we’ve built for launching new products. We are excited to capitalize on our momentum with the launch of this new product and further accelerate our growth trajectory.”
About Barfresh Food Group
Barfresh Food Group Inc. (Nasdaq: BRFH) is a developer, manufacturer and distributor of ready-to-blend and ready-to-drink beverages, including smoothies, shakes and frappes, primarily for the education market, foodservice industry and restaurant chains, delivered as fully prepared individual portions or single serving and bulk formats for on-site preparation. The Company’s single serving, on-site prepared product utilizes a proprietary, patented system that uses portion-controlled pre-packaged beverage ingredients, delivering a freshly made frozen beverage that is quick, cost efficient, better for you and without waste. For more information, please visit www.barfresh.com.
Forward Looking Statements
Except for historical information herein, matters set forth in this press release are forward-looking, including statements about the Company’s commercial progress, success of its strategic relationship(s), and projections of future financial performance. These forward-looking statements are identified by the use of words such as “grow”, “expand”, “anticipate”, “intend”, “estimate”, “believe”, “expect”, “plan”, “should”, “hypothetical”, “potential”, “forecast” and “project”, “continue,” “could,” “may,” “predict,” and “will” and variations of such words and similar expressions are intended to identify such forward-looking statements. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the Company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The contents of this release should be considered in conjunction with the Company’s recent filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including any warnings, risk factors and cautionary statements contained therein. Furthermore, the Company expressly disclaims any current intention to update publicly any forward-looking statements after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.
Investor Relations
John Mills
ICR
646-277-1254
John.Mills@icrinc.com
Deirdre Thomson
ICR
646-277-1283
Deirdre.Thomson@icrinc.com
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