STOCK TITAN

Mama’s Creations Engages UHY as its Independent Auditor

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

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, Inc. (NASDAQ: MAMA), un importante marketer e produttore nazionale di cibi pronti freschi da deli, ha affidato a UHY il ruolo di revisore indipendente per l'anno fiscale che si conclude il 31 gennaio 2025. Questo cambiamento è stato approvato dal Comitato di Revisione del Consiglio di Amministrazione.

Il CEO Adam L. Michaels ha dichiarato che la transizione a UHY si allinea con l'evoluzione significativa dell'azienda, citando la loro trasformazione in una famiglia diversificata di marchi con un ampio portafoglio di prodotti. Ha sottolineato l'implementazione del piano strategico dell'azienda nel 2022 per diventare una piattaforma completa di soluzioni deli attraverso acquisizioni e innovazione dei prodotti.

L'azienda ha subito cambiamenti significativi, tra cui rinominare e riposizionare, costruire un team di gestione riconosciuto, rafforzare il proprio bilancio, espandere la distribuzione e aggiungere nuovi canali di vendita. Michaels ha enfatizzato la loro visione di diventare un fornitore di soluzioni deli da 1 miliardo di dollari entro il 2030.

Mama's Creations, Inc. (NASDAQ: MAMA), un importante comercializador y fabricante nacional de alimentos preparados frescos de charcutería, ha contratado a UHY como su auditor independiente para el año fiscal que termina el 31 de enero de 2025. Este cambio fue aprobado por el Comité de Auditoría de la Junta Directiva.

El CEO Adam L. Michaels declaró que la transición a UHY se alinea con la evolución significativa de la empresa, citando su transformación en una diversa familia de marcas con un amplio portafolio de productos. Destacó la implementación del plan estratégico de la empresa en 2022 para convertirse en una plataforma integral de soluciones de charcutería a través de adquisiciones e innovación de productos.

La empresa ha experimentado cambios significativos, incluyendo renombre y reposicionamiento, la construcción de un equipo de gestión reconocido, el fortalecimiento de su balance, la expansión de la distribución y la adición de nuevos canales de ventas. Michaels enfatizó su visión de convertirse en un proveedor de soluciones de charcutería de 1 mil millones de dólares para 2030.

마마스 크리에이션스 주식회사(NASDAQ: MAMA)는 신선한 델리 준비 식품을 생산하는 주요 민간 마케팅 및 제조업체로서, UHY를 독립 감사인으로 선임했습니다2025년 1월 31일 종료되는 회계연도에 대한 것입니다. 이 변경은 이사회 감사 위원회의 승인을 받았습니다.

CEO 아담 L. 마이클스는 UHY로의 전환이 회사의 중요한 발전과 일치한다고 밝혔으며, 다양한 브랜드 패밀리로의 변환과 폭넓은 제품 포트폴리오를 언급했습니다. 그는 2022년에 회사의 전략 계획을 시행하여 원스톱 델리 솔루션 플랫폼이 되기 위한 인수 및 제품 혁신을 강조했습니다.

회사는 변경 사항, 명칭 변경, 포지셔닝, 인정받는 관리 팀 구축, 재무 강화, 배급 확장, 신규 판매 채널 추가 등 중대한 변화를 겪었습니다. 마이클스는 2030년까지 10억 달러 규모의 델리 솔루션 제공업체가 되는 비전을 강조했습니다.

Mama's Creations, Inc. (NASDAQ: MAMA), un important commercialisateur et fabricant national de produits alimentaires préparés frais, a mandaté UHY en tant qu'auditeur indépendant pour l'exercice fiscal se terminant le 31 janvier 2025. Ce changement a été approuvé par le Comité d'Audit du Conseil d'Administration.

Le PDG Adam L. Michaels a déclaré que la transition vers UHY s’inscrit dans l'évolution significative de l'entreprise, citant leur transformation en une famille de marques diversifiée avec un large portefeuille de produits. Il a souligné la mise en œuvre du plan stratégique de l'entreprise en 2022 pour devenir une plateforme de solutions deli tout-en-un grâce à des acquisitions et des innovations de produits.

L'entreprise a subit des changements importants, y compris le changement de nom et de positionnement, la création d'une équipe de gestion reconnue, le renforcement de son bilan, l'expansion de la distribution et l'ajout de nouveaux canaux de vente. Michaels a souligné leur vision de devenir un fournisseur de solutions deli d'un milliard de dollars d'ici 2030.

Mama's Creations, Inc. (NASDAQ: MAMA), ein führender nationaler Vermarkter und Hersteller von frischen Delikatesse-Fertiggerichten, hat UHY als unabhängigen Prüfer beauftragt für das am 31. Januar 2025 endende Geschäftsjahr. Diese Änderung wurde vom Prüfungsausschuss des Vorstands genehmigt.

CEO Adam L. Michaels erklärte, dass der Übergang zu UHY mit der bedeutenden Entwicklung des Unternehmens übereinstimmt und erwähnte deren Transformation zu einer vielfältigen Markenfamilie mit einem breiten Produktportfolio. Er hob die Umsetzung des strategischen Plans des Unternehmens im Jahr 2022 hervor, um eine All-in-One-Lösung für Delikatesse durch Übernahmen und Produktinnovationen zu werden.

Das Unternehmen hat erhebliche Veränderungen durchlaufen, darunter Umbenennung und Neupositionierung, den Aufbau eines anerkannten Managementteams, die Stärkung der Bilanz, die Expansion des Vertriebs und die Hinzufügung neuer Vertriebskanäle. Michaels betonte ihre Vision, bis 2030 ein 1 Milliarde Dollar Anbieter von Delikatessenlösungen zu werden.

Positive
  • Engagement of UHY, a large professional services firm, as independent auditor
  • Successful implementation of strategic plan to become a one-stop-shop deli solutions platform
  • Expansion of product portfolio and brand diversity
  • Strengthened balance sheet
  • Expanded distribution and new sales channels
Negative
  • None.

EAST RUTHERFORD, NJ, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Mama’s Creations, Inc. (NASDAQ: MAMA), a leading national marketer and manufacturer of fresh deli prepared foods, today announced it has engaged UHY, one of the nation’s largest professional services firms, as its independent auditor for the Company’s fiscal year ending Jan 31, 2025. The change to the Company’s independent registered public accounting firm was approved by the Audit Committee of its Board of Directors.

“Given our company’s significant evolution and maturation over the several years, we decided it was an appropriate time to transition to UHY with its industry expertise, resources, and professionalism,” said Adam L. Michaels, Chairman and Chief Executive Officer of Mama’s Creations. “Building upon MamaMancini’s strong legacy in Italian-inspired foods, we have now transformed into a company with a diverse family of brands, broad product portfolio of a variety of high quality, fresh, clean and easy to prepare foods to address the needs of both our consumers and retailers.

“In 2022 we implemented a strategic plan to become a one-stop-shop deli solutions platform through both acquisitions and successful new product innovation. Since that time, we renamed and repositioned the company, built an industry-recognized management team, strengthened our balance sheet, expanded our distribution, added new sales channels, and completed a comprehensive financial and operational transformation. Our achievements could not have been realized without the full support of our entire family of employees. The selection of a new auditor marks another milestone in our journey toward a 2030 vision of becoming the next $1 billion deli solutions provider,” concluded Michaels.

UHY succeeds Rosenberg Rich Baker Berman, P.A. (“RRBB”), which was previously the independent auditor providing audit services to the Company. The change to the Company's independent auditor was made after careful consideration and was approved by the Audit Committee. The decision to change auditor was not as a result of any disagreement between the Company and RRBB on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures.

About Mama’s Creations, Inc.

Mama’s Creations, Inc. (Nasdaq: MAMA) is a leading marketer and manufacturer of fresh deli prepared foods, found in over 8,000 grocery, mass, club and convenience stores nationally. The Company’s broad product portfolio, born from MamaMancini’s rich history in Italian foods, now consists of a variety of high quality, fresh, clean and easy to prepare foods to address the needs of both our consumers and retailers. Our vision is to become a one-stop-shop deli solutions platform, leveraging vertical integration and a diverse family of brands to offer a wide array of prepared foods to meet the changing demands of the modern consumer. For more information, please visit https://mamascreations.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include information about management’s view of the Company’s future expectations, plans and prospects, including future business opportunities or strategies and are generally preceded by words such as “may,” “believe,” “future,” “plan” or “planned,” “will” or “should,” “expect,” “anticipates,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of known and unknown risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Certain of these risk factors and others are included in documents the Company files with the Securities and Exchange Commission, including but not limited to, the Company’s Annual Report on Form 10-K for the year ended January 31, 2023, as well as subsequent reports filed with the Securities and Exchange Commission.

Investor Relations Contact:
Lucas A. Zimmerman
Managing Director
MZ Group – MZ North America
(949) 259-4987
MAMA@mzgroup.us
www.mzgroup.us


FAQ

Who is Mama's Creations' new independent auditor for fiscal year 2025?

Mama's Creations (NASDAQ: MAMA) has engaged UHY as its independent auditor for the fiscal year ending January 31, 2025.

What is Mama's Creations' vision for 2030?

Mama's Creations (NASDAQ: MAMA) aims to become a $1 billion deli solutions provider by 2030.

When did Mama's Creations implement its strategic plan to become a one-stop-shop deli solutions platform?

Mama's Creations (NASDAQ: MAMA) implemented its strategic plan to become a one-stop-shop deli solutions platform in 2022.

What recent changes has Mama's Creations (MAMA) undergone?

Mama's Creations (NASDAQ: MAMA) has renamed and repositioned the company, built a recognized management team, strengthened its balance sheet, expanded distribution, and added new sales channels.

Mama's Creations, Inc.

NASDAQ:MAMA

MAMA Rankings

MAMA Latest News

MAMA Stock Data

325.80M
33.73M
10.24%
63.09%
5.14%
Packaged Foods
Sausages & Other Prepared Meat Products
Link
United States of America
EAST RUTHERFORD