Mama's Creations Inc Stock Price, News & Analysis

Mama's Creations (NASDAQ: MAMA) has announced a virtual investor day presentation scheduled for Wednesday, February 12, 2025, at 12:30 p.m. Eastern time. The company's senior leadership team, including Chairman & CEO Adam L. Michaels, CFO Anthony Gruber, CMO Lauren Sella, CCO Chris Darling, and COO Skip Tappan, will provide comprehensive updates on corporate strategy and operations.

During their third annual investor day, management will discuss their strategy for fiscal 2026 and present their vision for the company's future. The presentation will include a review of fiscal 2025 performance and outline plans aimed at driving long-term shareholder value creation. The event will conclude with a question-and-answer session.

Participants are advised to access the webcast at least 5 minutes before the start time. A replay of the presentation and supporting materials will be available through the provided webcast link.

Mama's Creations (NASDAQ: MAMA) has announced its participation in two major investor conferences in early 2025. Management will attend the ICR Conference 2025 on January 14th, 2025, in Orlando, FL, where Chairman and CEO Adam L. Michaels will give a presentation at 2:30 p.m. Eastern time. The company will also participate in the 37th Annual Roth Conference from March 16th-18th, 2025, in Dana Point, CA, focusing on one-on-one meetings.

Michaels highlighted the company's focus on operational improvements and new sales wins, positioning for growth and profitability in fiscal 2026. With a complete leadership team in place, they are actively seeking acquisition opportunities to strengthen their position as the nation's premier deli solutions provider. A live audio webcast of the ICR presentation will be available, with mandatory registration required for conference participation.

Mama's Creations (NASDAQ: MAMA) reported Q3 fiscal 2025 results with revenues increasing 10% to $31.5 million. However, gross profit declined 17.6% to $7.1 million, and net income decreased 79.6% to $0.4 million. The company faced challenges including construction disruptions at its Farmingdale facility, impacting gross margins by 400 basis points.

Key developments include completion of strategic CapEx projects, appointments of Chris Darling as Chief Commercial Officer and Skip Tappan as Chief Operating Officer. Cash position stood at $9.3 million as of October 31, 2024, down from $11.0 million in January 2024, primarily due to $5.0 million in capital investments and $2.5 million in debt paydown.

Mama's Creations (NASDAQ: MAMA) has rescheduled its fiscal third quarter 2025 financial results release and conference call to Monday, December 16, 2024, after market close. The delay follows the company's auditor change on October 21, 2024, as they complete the finalization of Q3 financial statements.

The earnings conference call will be held at 4:30 p.m. Eastern time, featuring a corporate update and Q&A session. The call will be accessible via U.S. dial-in (1-877-451-6152), International dial-in (1-201-389-0879), and webcast. A playback will be available through January 16, 2024.

Mama's Creations (NASDAQ: MAMA) will release its fiscal Q3 2024 financial results on December 10, 2024, after market close, followed by an earnings conference call at 4:30 p.m. Eastern time. CEO Adam L. Michaels highlighted new sales achievements, including first-ever placement at Walmart with two SKUs and an upcoming rotation at a major club store. The company experienced construction-related pressures in Farmingdale during early Q3 but reported improved production and strong October performance, supported by lower chicken prices and consistent grilling operations. Management emphasized strategic CapEx investments and completed executive team build-out to drive operational efficiency.

Mama's Creations (NASDAQ: MAMA), a leading national marketer and manufacturer of fresh deli prepared foods, has announced its participation in three upcoming winter investor conferences. Management will attend the Raymond James Small Cap Summit (November 18, 2024, Sonoma, CA), the 15th Annual Craig-Hallum Alpha Select Conference (November 19, 2024, New York, NY), and the 13th Annual ROTH Deer Valley Event (December 11-14, 2024, Park City, UT).

CEO Adam L. Michaels will conduct one-on-one meetings with institutional investors at each event to discuss the company's growth strategy and vision to become a $1 billion deli solutions provider. The company aims to expand market share in the prepared food space as consumer preferences shift toward fresh, prepared meal options.

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.