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10K is a bit late due to the merger and new CFO
I would expect something next week.
FYI, I have a lot of shares and I am a big fan.
Digi
Do you know when the next report should be out?
Stock is solid. Long from .62. Sold some for a double. Holding most for uplist to NASDAQ
MMMB ($1.84) Being lifted by this Redchip company. An info video is listed on the front page of Redchip.com they even created a standalone site mmmbinfo.com to provide info on the company. They will be on TV again on Sunday, so we may get follow through into Monday.
MMMB ($1.64) to be interviewed on TV a couple times in the next week. Seems like the segment was recorded a month ago when the stock price was at 1.10.
MamaMancinis’ CEO Interviewed on The RedChip Money Report
GlobeNewswire•January 9, 2018
EAST RUTHERFORD, N.J., Jan. 09, 2018 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (MMMB), a marketer of specialty pre-prepared, frozen and refrigerated all-natural food products (as defined by the United States Department of Agriculture), today announced that Carl Wolf, CEO, was interviewed on The RedChip Money Report television program. The interview will air Wednesday, January 10, at 6 p.m. EST and Sunday, January 14, at 12:30 p.m. EST on American Business TV on The Family Channel, available in 100 million homes across the U.S., and 10:00 a.m. EST on The Action Channel.
To view the interview segment, please visit:
New seeking alpha article on MMMB
https://seekingalpha.com/article/4132755-mamamancinis-setting-legit-small-cap-growth-stock
Here are some notes from that Redchip presentation.
Operating profit margins on incremental sales are close to 25%.
At $50 million in sales should generate $8-10 Million in EBITDA, at $40 million in sales 6+Million EBITDA.
peers trading at 23 times EBITDA.
In 12,000 stores with potential for 26,000 stores.
They are not in food service at all. If they did it would double their size he says.
He said all the new products are doing very well.
getting into food service will require $500K over a years time, and they will recoup it in 3-4months.
Target $40 million run rate by end of 2017 or early 2018.
Should show growth up 60% as in last quarter and thinks they can do that for awhile.
Another layer of growth is coming in summer/fall of 2018 (currently in prepared foods).
Current product mix is meatballs, meatloaf, chicken parmigiana, and stuffed pepper mix versus only meatballs 2 years ago. All are doing well.
Introducing ravioli lasagna in February 2018, another lasagna product coming later in the year.
Testing sauces and vegetarian meatballs for introduction at a later date.
Plans to uplist to Nasdaq in mid-2018.
There 6Million warrants outstanding. If they convert then they could uplist 3 months earlier.
Senior debt around $2Million should be paid off in April.
I bought a little more at $1.05. I'm expecting good results tomorrow. Earnings will be released before market open and a conference call held on Monday.
Mama Mancini - Carl wolf on Red chip today 1:30pm
https://finance.yahoo.com/news/mamamancini-holdings-inc-present-redchip-171500608.html
Dove in this beauty at $1.21 dip today!
MamaMancini's Reports Second Quarter Fiscal Year 2018 Financial Results
EAST RUTHERFORD, NJ--(Marketwired - Sep 13, 2017) - MamaMancini's Holdings, Inc. (the "Company" or "MamaMancini's") ( OTCQB : MMMB ), a marketer of specialty pre-prepared, frozen and refrigerated all natural food products (as defined by the United States Department of Agriculture), today announced financial results for the second quarter of fiscal year 2018, ended July 30, 2017.
Second Quarter Highlights:
Second quarter of fiscal year 2018 revenue increased 69% to $7.0 million compared to $4.1 million in prior year period.
Net income for the second quarter was $24,000 versus net loss of $(277,000) in prior year period; a $301,000 improvement.
Net loss available to common stockholders was $(5,000), or $0.00 per diluted share, during the second quarter of fiscal 2018, compared to a net loss of $(324,000), or $(0.01) per diluted share in the same quarter last year.
Cash EBITDA, a non-GAAP financial metric (please refer to Non-GAAP Financial Measures paragraph below), for the second quarter was $377,000 compared to $145,000 in the second quarter of fiscal 2017.
Company has sold approximately 40,600 SKU's in 11,900 retail and grocery locations at July 31, 2017 as compared to approximately 36,000 SKU's in 11,400 retail and grocery locations at July 31, 2016.
Based on preliminary financial statements provided to the Company by Joseph Epstein Foods, Inc. ("JEFE") (which are subject to their audit and final due diligence), Pro forma Cash EBITDA including JEFE results on a pro forma consolidated basis (a non-GAAP financial metric--please refer to Non-GAAP Financial Measures paragraph below) for the second quarter would have been approximately $635,000, representing an increase of approximately $258,000 over the Company's reported Cash EBITDA on a standalone basis. Please see paragraph below concerning the Pro Forma results.
Six Months Highlights:
First six months of fiscal year 2018 revenue increased 53% to $12.4 million compared to $8.1 million in prior year period.
Net income for the six months period was $153,000 versus net loss of $(503,000) in prior year period; a $656,000 improvement.
Net income available to common stockholders was $76,000, or $0.00 per diluted share, compared to a net loss of $(614,000), or $(0.02) per diluted share in the same quarter last year.
Cash EBITDA, a non-GAAP financial metric (please refer to Non-GAAP Financial Measures paragraph below), for the six months period was $890,000, an increase of 161% when compared to $341,000 in the same period of fiscal 2017.
Based on preliminary financial statements provided to the Company by Joseph Epstein Foods, Inc. ("JEFE") (which are subject to their audit and final due diligence), Pro forma Cash EBITDA including JEFE results on a pro forma consolidated basis (a non-GAAP financial metric--please refer to Non-GAAP Financial Measures paragraph below) for the first six months of fiscal year 2018 would have been approximately $1,185,000, representing an increase of nearly $295,000 over the Company's reported Cash EBITDA on a standalone basis. Please see paragraph below concerning the Pro Forma results.
Cash flow from operating activities was $389,000 compared to $(23,000) in the year ago quarter.
Carl Wolf, Chief Executive Officer of MamaMancini's, commented, "The second quarter was outstanding from a revenue perspective; continuing the growth trajectory of recent quarters. This growth stems directly from our strategy of focusing on selling our products into the prepared foods, ready to eat meals and sandwich shop area located on fresh foods perimeter of the retail grocery store. Progressive retail stores are looking to take advantage of the growing consumer trend toward a broad array of delicious, nutritious, all-natural and easy to prepare products. As a result, we have been able to sell into higher volume per location accounts over the traditional pre-packaged retailer merchandising. We believe this trend is accelerating as evidenced by the recent acquisition of Whole Foods by Amazon."
Mr. Wolf continued, "The rapid growth we are currently experiencing has required the acquisition of new equipment and additional processes to meet current demand; which is having a moderate impact on our gross profit and operating margins year-to-date. We expect margins to move back up to more traditional levels as we move through the second half of the year. Also during the quarter, we signed a letter of intent to acquire the primary manufacturer, of our products, Joseph Epstein Foods Enterprise ("JEFE"), on a non-cash basis. Based upon preliminary information received from JEFE (subject to completion of due diligence and audit), we estimate that the integration of our sole supplier will increase our gross profit margin and profits by $1.5 million or more in the next 12 months and believe that the acquisition will assure a reliable source of supply for the Company for years to come.
"As MamaMancini's continues on this growth trajectory, it became clear to us that the combination of the two entities would secure manufacturing capacity for the company's products and, as a result of operating efficiencies, be immediately accretive to our earnings and thereby reward our shareholders. We anticipate closing this transaction in early November 2017. This acquisition involves no cash or stock outlay." Please see the Company's SEC filing on Form 8-K on September 11, 2017 for further details.
Mr. Wolf concluded, "It is an exciting time at MamaMancini's as the strategic direction we put in place is coming to fruition. We have now reported profitability in each of the last four consecutive quarters and our revenue growth is accelerating. Looking ahead, our goal is to get to a $40 million annualized sales run rate, which is anticipated before the end of the current fiscal year. Our focus right now is execution, making sure we can deliver our products on a consistent basis and meet current customer demand. We are excited with the opportunities ahead."
Second Quarter 2018 Results
Sales, net of slotting fees and discounts, were $7.0 million for the second quarter of fiscal 2018, a 69% increase compared to $4.1 million reported in the second quarter of fiscal 2017. The Company has sold approximately 40,600 SKU's in 11,900 retail and grocery locations at July 31, 2017 as compared to approximately 36,000 SKU's in 11,400 retail and grocery locations at July 31, 2016. Gross profit for the second quarter of fiscal 2018 was $2.0 million, or 29% of sales, compared to $1.4 million, or 33% of sales, in the year ago period. Operating income for the second quarter of fiscal 2018 was $207,000, compared to an operating loss of $(109,000) in the second quarter of fiscal 2017. Net income for the second quarter of fiscal 2018 was $24,000, compared to a net loss of $(277,000) in the second quarter of fiscal 2017.
Six Months Fiscal 2018 Results
Sales, net of slotting fees and discounts, were $12.4 million for the first six months of fiscal 2018, a 53% increase compared to $8.1 million reported in the prior year period. Gross profit for the first six months of fiscal 2018 was $3.9 million, or 32% of sales, compared to $2.8 million, or 35% of sales, in the year ago period. Operating income for the first six months of fiscal 2018 was $524,000, compared to an operating loss of $(164,000) in the first six months of fiscal 2017. Net income for the first six months of fiscal 2018 was $153,000, compared to a net loss of $(503,000) in the first six months of fiscal 2017.
Non-GAAP Financial Measures
The Company uses Cash EBITDA as a non-GAAP financial measure. The Company defines Cash EBITDA as earnings before income taxes, depreciation and amortization plus any non-cash stock payments for expenses. The Company believes that the use of Cash EBITDA is useful to investors and other users of its financial statements in evaluating the Company's operating performance because it provides them with an additional tool to compare business performance across companies and across periods. The Company uses Cash EBITDA in conjunction with traditional GAAP operating performance measures as part of its overall assessment of its performance, for planning purposes, including the preparation of its annual operating budget, and to evaluate the effectiveness of its business strategies. Management does not place undue reliance on Cash EBITDA as its only measure of operating performance. Cash EBITDA should not be considered as a substitute for other measures of financial performance reported in accordance with GAAP.
Pro Forma Results including Joseph Epstein Foods Enterprise, Inc. ("JEFE")
The Pro Forma results which include the consolidation of the results of JEFE are based on preliminary financial information that the Company has received from JEFE. These financial results are subject to changes from their audit and due diligence prior to the consolidation which is expected about November 1, 2017.
Conference Call
The Company has scheduled a conference call for Thursday, September 14, 2017 at 9:00 a.m. ET, to review the results.
Interested parties may participate on the conference call by dialing (844) 889-4326 or (412) 317-9264. A replay of the conference call will be available by dialing (877) 344-7529 or (412) 317-0088, confirmation code 10112126, through September 20, 2017.
About MamaMancini's
MamaMancini's is a marketer and distributor of a line of beef meatballs and turkey meatballs all with sauce, five cheese stuffed beef and turkey meatballs all with sauce, original beef and turkey meatloaves, chicken parmesan, stuffed peppers and other similar Italian cuisine products. The Company's sales have been growing on a consistent basis as the Company expands its distribution channel, which includes major retailers and distributors such as Costco, Publix, Shop Rite, Jewel, Save Mart, Lucky's, Lunds and Byerlys, SuperValu, Safeway, Albertsons, SpartanNash, Bashas, Whole Foods Market, Hy-Vee, Shaw's, Kings, Roche Bros., Key Foods, Stop & Shop, Giant, Giant Eagle, Foodtown, Sam's Club, Kroger, Shoppers,, King Kullen, Lowes, Central Market, Weis Markets, Ingles, Food City, The Fresh Market. Sysco, Burris Foods, and C&S. The Company sells a variety of its products on air and on line on QVC, the world's largest direct to consumer marketer.
Forward Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of 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, and other risks identified in the Company's 10-K for the fiscal year ended January 31, 2017 and other filings made by the Company with the Securities and Exchange Commission.
I bought some. They have 40% revenue growth, just became profitable.
They are about to release earnings, which should show growth.
They have a ton of recent insider buying in August. CEO built and sold Alpine Lace so has connections and is capable. They are buying their supplier by taking on their debt which will alleviate 3rd party concerns and add to the bottom line.
Has this stock done a R/S in the past?
TIA
gOING TO MAKE A NEW HIGH!!!!!!
$MMMB MamaMancini's Reports First Quarter Fiscal Year 2018 Financial Results
Source: Marketwired
MamaMancini's Reports First Quarter Fiscal Year 2018 Financial Results
Q1 Fiscal 2018 Revenue Up 37%; Q1 2018 Net Income: $128,000 vs. Q1 2017 Net Loss of $226,000; Company reports 3rd consecutive profitable quarter
EAST RUTHERFORD, NJ-(Marketwired - Jun 13, 2017) - MamaMancini's Holdings, Inc. (the "Company" or "MamaMancini's") (OTCQB: MMMB), a marketer of specialty pre-prepared, frozen and refrigerated all natural food products (as defined by the United States Department of Agriculture), today announced financial results for the first quarter of fiscal year 2018, ended April 30, 2017.
First Quarter Highlights:
First quarter of fiscal year 2018 revenue increased 37% to $5.4 million compared to $3.9 million in prior year period.
Net income for the first quarter was $128,000 versus net loss of $(226,000) in prior year period; a $354,000 increase.
Net income available to common stockholders was $81,000, or $0.00 per diluted share, during the first quarter of fiscal 2018, compared to a net loss of $(290,000), or $(0.01) per diluted share in the same quarter last year.
Cash EBITDA, a non-GAAP financial metric (please refer to Non-GAAP Financial Measures paragraph below), for the first quarter was $513,000 compared to $192,000 in the first quarter of fiscal 2017.
Cash flow from operating activities was $526,000 compared to ($438,000) in the year ago quarter.
Carl Wolf, Chief Executive Officer of MamaMancini's, commented, "We are off to a good start in fiscal 2018. Our strategy of focusing on selling our products into the food service area, on the perimeter of the retail grocery store, continues to gain traction. This section of the store offers fresh, minimally or non-processed, healthy foods where superior revenue and margin opportunities exist. This strategy has allowed us to develop larger retail store accounts that drive revenue and permits us to operate more efficiently. Breaking into profitability has been an important strategic goal. We now have now achieved profitability in each of the last three consecutive quarters. Our sites are now focused on achieving our first full year of profitability at the conclusion of the next quarter."
Mr. Wolf concluded, "Looking ahead, our goal is to get to a $40 million run rate by late summer of calendar 2017. This is not our internal projection but our goal. The key to the business right now is execution, which will cause the company to ramp up from a $20 million run rate to a $40 million run rate in less than a year. We expect a double-digit sequential revenue increase in the upcoming second quarter over the first quarter with similar increases in net income and cash EBITDA. That is a major undertaking. We are excited with the opportunities ahead."
First Quarter 2018 Results
Sales, net of slotting fees and discounts, were $5.4 million for the first quarter of fiscal 2018, a 37% increase compared to $3.9 million reported in the first quarter of fiscal 2017. The Company has sold into approximately 38,600 SKU's in 11,700 retail and grocery locations at April 30, 2017 as compared to approximately 35,000 SKU's in 11,400 retail and grocery locations at April 30, 2016. Gross profit for the first quarter of fiscal 2018 was $1.9 million, or 35% of sales, compared to $1.5 million, or 38% of sales, in the year ago period. Net income for the first quarter of fiscal 2018 was $128,000, compared to a net loss of $(226,000) in the first quarter of fiscal 2017.
Outlook
The Company's strategy of developing larger customers and exiting underperforming accounts that do not generate attractive returns has achieved improving operating results. The Company expects a continuation of revenue growth for the foreseeable future as it continues to develop larger accounts and introduce new product lines. As a result, the company is anticipating fiscal 2018 revenues to increase substantially over prior year and report continued profitability.
Non-GAAP Financial Measures
The Company uses Cash EBITDA as a non-GAAP financial measure. The Company defines Cash EBITDA as earnings before income taxes, depreciation and amortization plus any non-cash stock payments for expenses. The Company believes that the use of Cash EBITDA is useful to investors and other users of its financial statements in evaluating the Company's operating performance because it provides them with an additional tool to compare business performance across companies and across periods. The Company uses Cash EBITDA in conjunction with traditional GAAP operating performance measures as part of its overall assessment of its performance, for planning purposes, including the preparation of its annual operating budget, and to evaluate the effectiveness of its business strategies. Management does not place undue reliance on Cash EBITDA as its only measure of operating performance. Cash EBITDA should not be considered as a substitute for other measures of financial performance reported in accordance with GAAP.
Conference Call
The Company has scheduled a conference call for Wednesday, June 14, 2017, at 9:00 am ET to review the results.
Interested parties may participate on the conference call by dialing (844) 889-4326 or (412) 317-9264. A replay of the conference call will be available by dialing (877) 344-7529 or (412) 317-0088, confirmation code 10103610, through March 31, 2017.
About MamaMancini's
MamaMancini's is a marketer and distributor of a line of beef meatballs, turkey meatballs, and chicken meatballs all with sauce, five cheese stuffed beef, turkey and chicken meatballs all with sauce, original beef and turkey meatloaves and bacon gorgonzola beef meatloaf, and other similar Italian cuisine products. The Company's sales have been growing on a consistent basis as the Company expands its distribution channel, which includes major retailers such as Publix, Shop Rite, Jewel, Save Mart, Lucky's, Lunds and Byerlys, SUPERVALU, Safeway, Albertsons, Whole Foods Market, Shaw's, Kings, Roche Bros., Key Foods, Stop & Shop, Giant, Giant Eagle, Foodtown, Sam's Club, SpartanNash, Hy-Vee, Topps, Kroger, Shoppers, Marsh, King Kullen, Central Markets, Weis Markets, Ingles, and The Fresh Market. The Company sells to distributors such as Sysco, AWI, UNFI, Driscoll Foods, SUPERVALU, Monterrey Provision Co., Burris Logistics and C&S Wholesale Grocers. In addition, the Company sells a wide variety of its products through QVC, the world's largest direct to consumer marketer, via on air presentations, auto ship programs, and direct purchases through the internet.
Forward Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of 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, and other risks identified in the Company's 10-K for the fiscal year ended January 31, 2017 and other filings made by the Company with the Securities and Exchange Commission.
Financial Tables to Follow
MamaMancini's Holdings, Inc.
Condensed Consolidated Balance Sheets
April 30, 2017
January 31, 2017
(Unaudited)
Assets
Assets:
Cash
$
436,447
$
666,580
Accounts receivable, net
2,301,737
1,817,820
Inventories
180,929
443,623
Prepaid expenses
79,686
135,747
Due from manufacturer - related party
2,016,046
2,079,708
Total current assets
5,014,845
5,143,478
Property and equipment, net
1,311,777
1,175,508
Deposit on machinery and equipment
423,383
-
Total Assets
$
6,750,005
$
6,318,986
Liabilities and Stockholders' Equity
Liabilities:
Accounts payable and accrued expenses
$
770,071
$
484,752
Line of credit, net
1,608,191
1,363,145
Term loan
140,004
140,004
Note payable - net
1,666,950
1,401,906
Total current liabilities
4,185,216
3,389,807
Term loan - net of current
478,327
513,328
Note payable - net of current portion
751,055
1,298,819
Notes payable - related party
117,656
117,656
Total long-term liabilities
1,347,038
1,929,803
Total Liabilities
5,532,254
5,319,610
Commitments and contingencies
Stockholders' Equity:
Series A Preferred stock, $0.00001 par value; 120,000 shares authorized; 23,400 shares issued and outstanding, respectively
-
-
Preferred stock, $0.00001 par value; 19,880,000 shares authorized; no shares issued and outstanding
-
-
Common stock, $0.00001 par value; 250,000,000 shares authorized; 27,947,539 and 27,810,717 shares issued and outstanding, respectively
279
278
Additional paid in capital
15,961,978
15,825,029
Common stock subscribed, $0.00001 par value; 66,667 shares, respectively
1
1
Accumulated deficit
(14,595,007
)
(14,676,432
)
Less: Treasury stock, 230,000 shares, respectively
(149,500
)
(149,500
)
Total Stockholders' Equity
1,217,751
999,376
Total Liabilities and Stockholders' Equity
$
6,750,005
$
6,318,986
MamaMancini's Holdings, Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
For the Three Months Ended
April 30, 2017
April 30, 2016
Sales - net of slotting fees and discounts
$
5,357,301
$
3,923,977
Cost of sales
3,457,723
2,448,778
Gross profit
1,899,578
1,475,199
Operating expenses
Research and development
25,588
30,562
General and administrative expenses
1,557,828
1,499,857
Total operating expenses
1,583,416
1,530,419
Income (loss) from operations
316,162
(55,220
)
Other expenses
Interest expense
(170,657
)
(161,762
)
Amortization of debt discount
(17,280
)
(9,125
)
Total other expenses
(187,937
)
(170,887
)
Net income (loss)
128,225
(226,107
)
Less: preferred dividends
(46,800
)
(64,521
)
Net income (loss) available to common stockholders
$
81,425
$
(290,628
)
Net income (loss) per common share - basic
$
0.00
$
(0.01
)
Net income (loss) per common share - diluted
$
0.00
$
(0.01
)
Weighted average common shares outstanding
- basic
27,810,717
26,507,516
- diluted
32,532,135
26,507,516
MamaMancini's Holdings, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited)
For the Three Months Ended
April 30, 2017
April 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)
$
128,225
$
(226,107
)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation
107,081
76,703
Amortization of debt discount and debt issuance costs
17,280
9,125
Share-based compensation
90,150
179,208
Changes in operating assets and liabilities:
(Increase) Decrease in:
Accounts receivable
(483,917
)
(248,619
)
Inventories
262,694
(254,233
)
Prepaid expenses
56,061
(15,087
)
Due from manufacturer - related party
63,662
51,730
Increase (Decrease) in:
Accounts payable and accrued expenses
285,319
(10,582
)
Net Cash Provided by (Used In) Operating Activities
526,555
(437,862
)
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid for fixed assets
(666,733
)
(18,650
)
Net Cash Used In Investing Activities
(666,733
)
(18,650
)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of note payable
(300,000
)
-
Borrowings (repayments) of line of credit, net
245,046
481,039
Repayment of term loan
(35,001
)
(30,000
)
Repayment of promissory notes
-
(79,490
)
Net Cash (Used In) Provided By Financing Activities
(89,955
)
371,549
Net Decrease in Cash
(230,133
)
(84,963
)
Cash - Beginning of Period
666,580
587,422
Cash - End of Period
$
436,447
$
502,459
SUPPLEMENTARY CASH FLOW INFORMATION:
Cash Paid During the Period for:
Income taxes
$
-
$
-
Interest
$
66,941
$
72,311
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Stock issued for Series A Preferred dividends
$
46,800
$
131,513
Accrued dividends
$
46,800
$
64,521
Debt extension fee included in principal balance of note
$
52,236
$
-
Contact Information
Contact:
Carl Wolf
Chairman and CEO
MamaMancini's Holdings, Inc.
Stock Symbol: MMMB
973-985-0280
www.mamamancinis.com
carl@mamamancinis.com
$MMMB MamaMancini's Holdings, Inc. to Announce Fourth Quarter and Fiscal Year 2017 Financial Results on Friday, March 24, 2017
Source: Marketwired
MamaMancini's Holdings, Inc. to Announce Fourth Quarter and Fiscal Year 2017 Financial Results on Friday, March 24, 2017
Financial results to be released prior to market open; Conference call to be conducted at 9:00 am ET
EAST RUTHERFORD, NJ-(Marketwired - Mar 20, 2017) - MamaMancini's Holdings, Inc. (OTCQB: MMMB), a marketer of specialty pre-prepared, frozen and refrigerated all natural food products (as defined by the United States Department of Agriculture), today announced that it will report financial results for its fourth quarter and fiscal year 2017, ended January 31, 2017, prior to market open on Friday, March 24, 2017. The Company has scheduled a conference call that same day, Friday, March 24, 2017, at 9:00 a.m. ET, to review the results.
Interested parties may participate on the conference call by dialing (844) 889-4326 or (412) 317-9264. A replay of the conference call will be available by dialing (877) 344-7529 or (412) 317-0088, confirmation code 10103610, through March 31, 2017.
About MamaMancini's
MamaMancini's is a marketer and distributor of a line of beef meatballs, turkey meatballs, and chicken meatballs all with sauce, five cheese stuffed beef, turkey and chicken meatballs all with sauce, original beef and turkey meatloaves and bacon gorgonzola beef meatloaf, and other similar Italian cuisine products. The Company's sales have been growing on a consistent basis as the Company expands its distribution channel, which includes major retailers such as Publix, Shop Rite, Jewel, SaveMarts, Luckys, Lunds/Byerly's, SuperValu, Safeway, Albertsons, Spartan Stores, Bashas, Whole Foods, Shaw's Supermarkets, Kings, Roche Brothers, Key Foods, Stop-n-Shop, Giant Stores, Giant Eagle, Food Town, Sam's Club, HyVee, Topps, Kroger, Shoppers, Marsh's Supermarkets, King Kullen, Central Markets, Weis Markets, Ingles, and The Fresh Market. The Company sells to distributors such as Sysco, AWI, UNFI, Driscolls, MDI, SuperValu, Monterey Provisions, Burris and C&S. In addition, the Company sells a wide variety of its products through QVC, the world's largest direct to consumer marketer, via on air presentations, auto ship programs, and direct purchases through the internet.
Forward Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of 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, and other risks identified in the Company's most recent 10-K and other filings made by the Company with the Securities and Exchange Commission.
Contact:
Carl Wolf
Chairman and CEO
MamaMancini's Holdings, Inc.
Stock Symbol: MMMB
973-985-0280
$MMMB Barchart Opinion 72% "BUY"
https://www.barchart.com/stocks/quotes/mmmb/opinion
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