Nightfood Holdings Inc (NGTF)

[ProfitScout]

Revenue returns for NGTF are very positive from what we are seeing so far but this is just the beginning. As the extremely popular Nightfood ice cream brand lands in more and more retail outlets across the country we should see continuously rising returns from this point on.

From the NGTF news on Oct 1st:

Revenue for the quarter exceeded the previous high set in the quarter ending March 31, 2019. The majority of quarterly revenues were from preexisting distribution partners ordering product to replenish inventory levels which decrease as consumers continue to buy more Nightfood off the shelves. The other significant component was the initial order from our newest supermarket distribution partner.

“We’re seeing more new consumers learning about and buying Nightfood every day,” stated Sean Folkson, Nightfood CEO. “The data we have indicate that same store sales have been steadily increasing, with an extra jump in September due to new marketing initiatives we’ve been testing and are working to scale.”

The award-winning ice cream line, which launched earlier this year, has now established distribution in four of the Top-50 supermarket chains in the United States on the way to a national distribution footprint. The sales team, led by Folkson and former Unilever ice cream executive Jim Christensen, has meetings scheduled with supermarket chains around the country in the coming weeks.