MamaMancini's Holdings, Inc. - MMMB STOCK NEWS

MamaMancini's Holdings, Inc. (NASDAQ: MMMB) announced a nationwide authorization to sell six popular products through Amazon Fresh, starting February. This partnership enables direct-to-consumer sales across major U.S. cities and physical locations. CEO Carl Wolf highlighted the importance of this milestone, noting the expected growth of online grocery sales to 20% in the U.S. market within five years. While initial shipments will be modest, there's significant long-term potential as Amazon Fresh expands its operations nationwide.

MamaMancini's Holdings (NASDAQ: MMMB) announced its acquisition of T&L Creative Salads and Olive Branch for a total of $14 million, expected to close around December 29, 2021. The deal, funded through cash and a long-term note from M&T Bank, is projected to generate over $30 million in sales in 2021 and up to $35 million in 2022. The acquisition aims to enhance MamaMancini's distribution network and increase net income. T&L's CEO will remain for five years, focusing on rapid sales growth and integration into MamaMancini's operations.

MamaMancini's Holdings, Inc. (NASDAQ: MMMB) reported a 12.1% revenue increase to $10.9 million for Q3 fiscal 2022, driven by new business with Whole Foods and Publix. However, gross profit fell 6.2% to $2.7 million, resulting in a net loss of $0.0 million, compared to a net income of $0.7 million last year. Operating expenses rose 28.5% to $2.7 million, impacting margins due to higher costs in protein and freight. Management expects margin improvements by year-end and anticipates Q4 sales of $11.5 – 12.5 million, aiming for $100 million in annual sales within 18 months.

MamaMancini's Holdings, Inc. (NASDAQ: MMMB) announced that its 3-Cheese Beef and Turkey Meatballs in Italian Sauce was selected as QVC's Today’s Special Value on December 8, 2021. The promotion garnered over $800,000 in sales during the holiday season, with additional projected auto-delivery sales of $1.2 million for 2022. Over 30% of customers enrolled in the auto-delivery program. This partnership with QVC enhances MamaMancini's reach, leveraging their extensive audience of over 100 million households in North America.

MamaMancini's Holdings, Inc. (NASDAQ: MMMB) will announce its fiscal Q3 2022 financial results on December 14, 2021, after market close. An investor conference call is scheduled for the same day at 4:30 p.m. ET to discuss the results and provide corporate updates. The company's product line includes over 40 specialty prepared, frozen, and refrigerated foods, sold in over 45,000 locations nationwide, including large retailers like Sam’s Club and Whole Foods. The earnings call will also include a Q&A session for participants.

MamaMancini's Holdings (NASDAQ: MMMB) announced its participation in the LD Micro Main Event on October 13, 2021. CEO Carl Wolf will present virtually at 12:30 p.m. Eastern time. The event is scheduled for October 12-14, 2021, and will provide a live audio webcast accessible through the conference website.

MamaMancini's is a marketer of specialty prepared, refrigerated, and frozen all-natural Italian foods, with a product range over 40 items sold in 45,000+ locations nationwide, including major retailers like Sam’s Club and Whole Foods.

MamaMancini's Holdings, Inc. (NASDAQ: MMMB) reported a 17% year-over-year revenue growth for Q2 fiscal 2022, totaling $12.1 million compared to $10.3 million in Q2 2021. Gross profit increased by 9.5% to $3.4 million, but margins were compressed due to elevated commodity and shipping costs, resulting in a gross profit margin of 27.9%. Operating expenses rose 22.6% to $2.8 million, and net income fell by 41.6% to $0.4 million, or $0.01 per share. The firm uplisted to Nasdaq on July 15, enhancing visibility and liquidity.

MamaMancini's Holdings, Inc. (NASDAQ: MMMB) announced that CEO Carl Wolf will present virtually at the Taglich Brothers 17th Annual Investment Conference on September 13, 2021, at 9:45 a.m. ET. MamaMancini's specializes in pre-prepared, frozen, and refrigerated Italian foods, offering over 40 products, including meatballs and chicken parmesan. The company's products are available in over 45,000 retail locations.

The presentation will be available via a live audio webcast, with an archive accessible afterwards.