Mama's Creations Inc Stock Price, News & Analysis

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.

Mama's Creations (NASDAQ: MAMA) reported Q2 fiscal 2025 results with revenues increasing 14% to $28.4 million. Despite revenue growth, the company faced challenges with net income decreasing 34% to $1.1 million and EPS dropping 40% to $0.03. Gross profit declined 8% to $6.9 million, while operating expenses remained relatively flat at $5.3 million.

Key highlights include appointing Skip Tappan as COO, securing a Costco National Buy, and gaining initial placement in 2,000 Walmart stores. The company faced commodity price pressures and construction-related disruptions but expects margins to improve with completed CapEx projects. Mama's Creations maintains a focus on cost control, operational efficiency, and expanding its product presence in major retailers.

Mama's Creations (NASDAQ: MAMA) has appointed Skip Tappan as Chief Operating Officer, bringing over 30 years of supply chain and operations experience from companies like Walmart, Procter & Gamble, Gordon Food Service, and Campbell Soup. This strategic move aims to enhance the company's senior leadership and operational capabilities.

Tappan's expertise includes implementing end-to-end supply chain strategies, managing large-scale distribution networks, and optimizing operations across various food and consumer goods sectors. His appointment is expected to drive consistency in operations, prepare for future acquisitions, and support Mama's Creations' growth strategy.

CEO Adam L. Michaels emphasized that Tappan's addition, along with recent capital expenditure projects, marks the completion of the company's operational and people transformation. This positions Mama's Creations to pursue its goal of becoming a leading 'one-stop-shop' for high-quality, fresh, and easy-to-prepare foods.

Mama's Creations (NASDAQ: MAMA) will release its fiscal Q2 2025 financial results on September 10, 2024, after market close. The company will host an earnings call at 4:30 p.m. Eastern time the same day. CEO Adam L. Michaels highlighted the company's focus on their 4C strategy and noted that strategic CapEx projects are largely complete. New grills in Farmingdale are now operational, expected to more than double chicken capacity and increase labor efficiency. Despite ongoing commodity pressures, the company has implemented pricing actions to offset some of the impact. Michaels expressed confidence in returning to a strong profitability profile and unleashing long-term growth potential in the second half of the year.

Mama's Creations (NASDAQ: MAMA), a national marketer and manufacturer of fresh deli prepared foods, announced its inclusion in the Russell 2000® and Russell 3000® Indexes on June 28, 2024. This milestone reflects the company's growing potential and consumer shift towards fresh prepared foods. The Russell indexes capture the 4,000 largest US stocks by market capitalization, offering MAMA automatic membership in the small-cap Russell 2000® Index and relevant growth and value style indexes. FTSE Russell, a global index provider, benchmarks about $10.5 trillion in assets against these indexes, commonly used by investment managers and institutional investors.