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Mama's Creations, Inc. (symbol: MAMA) is a leading marketer and manufacturer of fresh deli-prepared foods, proudly rooted in a rich heritage of Italian cuisine. The company’s journey began with the cherished recipes from founder Dan Mancini's grandmother, Anna Mancini, which have been meticulously recreated to bring authentic, home-style Italian flavors to families across America.
Mama's Creations operates a state-of-the-art 17,000 sq. ft USDA-approved facility that features advanced HACCP protocols and cutting-edge flash freezing technology. This ensures that their diverse range of high-quality, fresh, and clean foods retain their deliciousness and nutritional value. Their semi-automated production lines are versatile, allowing for the efficient manufacturing of a variety of products.
The company’s extensive product portfolio is available in over 8,400 grocery stores, mass retailers, club stores, and convenience stores nationwide. This broad distribution network highlights the widespread appreciation for their easy-to-prepare meals, which cater to the contemporary demands of both consumers and retailers.
Recently, Mama's Creations has made significant strides in expanding its market presence and operational capabilities. Key achievements include a successful appearance on popular media platforms such as Martha Stewart, The Today Show, Fox Business, People, Rachael Ray Blog, and Food Network. These appearances underscore the brand’s growing recognition and consumer trust.
The company continues to engage with its shareholders and potential investors through regular updates and earnings conference calls. Notable upcoming events include:
- Q3 FY2024 Earnings Conference Call on Tuesday, December 12, 2023, at 4:30 p.m. Eastern time
- Nasdaq Closing Bell Ceremony on Tuesday, January 23, 2024, at 3:45 – 4:00 p.m. Eastern time
- Q4 FY2024 Earnings Conference Call on Wednesday, April 24, 2024, at 4:30 p.m. Eastern time
- Q1 FY2025 Earnings Conference Call on Tuesday, June 11, 2024, at 4:30 p.m. Eastern time
For more information, investors can contact Lucas A. Zimmerman, Managing Director at MZ Group, via email at MAMA@mzgroup.us or visit their website.
Mama's Creations (NASDAQ: MAMA) has appointed Chris Darling as Chief Commercial Officer, completing its senior management team build-out. Darling brings over 20 years of executive leadership experience in the Retail and CPG industries, having previously served on Boar's Head's executive leadership team and held executive positions at HEB, Ahold, and Albertsons Companies. His expertise spans store development, retail merchandising, private label development, and M&A experience. The appointment aims to optimize commercial power and accelerate growth in the prepared foods space.
Mama's Creations, Inc. (NASDAQ: MAMA), a leading national marketer and manufacturer of fresh deli prepared foods, has engaged UHY as its independent auditor for the fiscal year ending Jan 31, 2025. This change was approved by the Audit Committee of the Board of Directors.
CEO Adam L. Michaels stated that the transition to UHY aligns with the company's significant evolution, citing their transformation into a diverse family of brands with a broad product portfolio. He highlighted the company's strategic plan implementation in 2022 to become a one-stop-shop deli solutions platform through acquisitions and product innovation.
The company has undergone significant changes, including renaming and repositioning, building a recognized management team, strengthening its balance sheet, expanding distribution, and adding new sales channels. Michaels emphasized their vision of becoming a $1 billion deli solutions provider by 2030.
Mama's Creations (NASDAQ: MAMA) has been honored with three QVC® 2024 Customer Choice Food Awards for the eighth consecutive year. The company won in the categories of 'I Could Eat This Everyday', Best Sauce, and Best Chicken. This recognition reflects the success of Mama's Creations in creating popular recipes for QVC's consumers.
QVC, reaching over 100 million homes in North America, continues to be a strong partner for Mama's Creations. The company is focusing on expanding its QVC partnership and introducing new products such as Roasted Chicken, Meatballs in a Cup, Grilled Chicken Breast in Vacuum Packs, and Gourmet Paninis. This partnership allows Mama's Creations to develop exclusive innovations for QVC consumers before potentially rolling out similar versions nationally.
Mama's Creations (NASDAQ: MAMA) reported Q2 fiscal 2025 results with revenues increasing 14% to $28.4 million. Despite revenue growth, the company faced challenges with net income decreasing 34% to $1.1 million and EPS dropping 40% to $0.03. Gross profit declined 8% to $6.9 million, while operating expenses remained relatively flat at $5.3 million.
Key highlights include appointing Skip Tappan as COO, securing a Costco National Buy, and gaining initial placement in 2,000 Walmart stores. The company faced commodity price pressures and construction-related disruptions but expects margins to improve with completed CapEx projects. Mama's Creations maintains a focus on cost control, operational efficiency, and expanding its product presence in major retailers.
Mama's Creations (NASDAQ: MAMA) has appointed Skip Tappan as Chief Operating Officer, bringing over 30 years of supply chain and operations experience from companies like Walmart, Procter & Gamble, Gordon Food Service, and Campbell Soup. This strategic move aims to enhance the company's senior leadership and operational capabilities.
Tappan's expertise includes implementing end-to-end supply chain strategies, managing large-scale distribution networks, and optimizing operations across various food and consumer goods sectors. His appointment is expected to drive consistency in operations, prepare for future acquisitions, and support Mama's Creations' growth strategy.
CEO Adam L. Michaels emphasized that Tappan's addition, along with recent capital expenditure projects, marks the completion of the company's operational and people transformation. This positions Mama's Creations to pursue its goal of becoming a leading 'one-stop-shop' for high-quality, fresh, and easy-to-prepare foods.
Mama's Creations (NASDAQ: MAMA) will release its fiscal Q2 2025 financial results on September 10, 2024, after market close. The company will host an earnings call at 4:30 p.m. Eastern time the same day. CEO Adam L. Michaels highlighted the company's focus on their 4C strategy and noted that strategic CapEx projects are largely complete. New grills in Farmingdale are now operational, expected to more than double chicken capacity and increase labor efficiency. Despite ongoing commodity pressures, the company has implemented pricing actions to offset some of the impact. Michaels expressed confidence in returning to a strong profitability profile and unleashing long-term growth potential in the second half of the year.
Mama's Creations (NASDAQ: MAMA), a national marketer and manufacturer of fresh deli prepared foods, announced its inclusion in the Russell 2000® and Russell 3000® Indexes on June 28, 2024. This milestone reflects the company's growing potential and consumer shift towards fresh prepared foods. The Russell indexes capture the 4,000 largest US stocks by market capitalization, offering MAMA automatic membership in the small-cap Russell 2000® Index and relevant growth and value style indexes. FTSE Russell, a global index provider, benchmarks about $10.5 trillion in assets against these indexes, commonly used by investment managers and institutional investors.
Mama’s Creations, a top U.S. marketer and manufacturer of fresh deli prepared foods, announced its participation in four key industry trade shows during Summer and Fall 2024. These events include the National Association of College & University Food Services (NACUFS) 2024 National Showcase in Louisville, KY from July 17-20, 2024 at booth 540. The company aims to strengthen its marketing efforts and elevate brand awareness through high ROI trade shows.
Mama’s Creations (NASDAQ: MAMA) reported a 29% increase in first-quarter fiscal 2025 revenues, reaching $29.8 million. Gross profit rose 17% to $7.5 million, but net income fell by 61% to $0.6 million, translating to $0.01 per diluted share. This decline was partly due to a one-time $0.9 million charge for stock compensation.
Key highlights include participation in a ‘Costco Roadshow’ and attendance at major industry trade shows. The company introduced new products, such as Breakfast Wraps and Meatball Entertaining Sleeves. Cash flow from operations generated $3.6 million, increasing cash equivalents to $13 million by April 30, 2024. Operating expenses rose 51% to $6.7 million.
CEO Adam L. Michaels emphasized automation and efficiency improvements to mitigate commodity cost increases. Adjusted EBITDA remained flat at $2.5 million. The company's focus is on profitable growth and strategic marketing initiatives.
Mama's Creations (NASDAQ: MAMA) announced the launch of new products and flavors at the IDDBA 2024 event, scheduled for June 9-11 in Houston, Texas. Attendees will see the introduction of their heat & eat Breakfast Wraps in three varieties, vacuum-packed Grilled Chicken Breasts, Mini Meatball Entertaining Trios, and new Gourmet Paninis.
The company aims to solidify its position as a comprehensive deli solution provider. The new product lines target various consumer needs, including breakfast, entertaining, and on-the-go snacking. The Gourmet Paninis are finalists for the inaugural Deli Business Innovation Award.
Lauren Sella, Chief Marketing Officer, highlighted that these new offerings result from a collaborative effort across Marketing, Sales, and R&D teams. Mama's Creations also plans to launch three new Meals for One products based on feedback from the event.
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