Welcome to our dedicated page for Mama's Creations news (Ticker: MAMA), a resource for investors and traders seeking the latest updates and insights on Mama's Creations stock.
Mama's Creations Inc (NASDAQ: MAMA) delivers authentic Italian-inspired deli foods through advanced manufacturing and traditional recipes. This news hub provides investors and industry followers with essential updates about the company's financial performance, product innovations, and market expansion efforts.
Access official press releases covering quarterly earnings, facility upgrades, retail partnerships, and new product launches. Our curated collection ensures you stay informed about operational developments in their USDA-certified production facilities and expansion within grocery/club store channels.
Key updates include financial disclosures, manufacturing process improvements, distribution network growth, and recognition of food safety achievements. Bookmark this page for real-time access to announcements that impact MAMA's position in the $27B prepared foods market.
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.
Mama’s Creations, a top U.S. marketer and manufacturer of fresh deli prepared foods, announced its participation in four key industry trade shows during Summer and Fall 2024. These events include the National Association of College & University Food Services (NACUFS) 2024 National Showcase in Louisville, KY from July 17-20, 2024 at booth 540. The company aims to strengthen its marketing efforts and elevate brand awareness through high ROI trade shows.
Mama’s Creations (NASDAQ: MAMA) reported a 29% increase in first-quarter fiscal 2025 revenues, reaching $29.8 million. Gross profit rose 17% to $7.5 million, but net income fell by 61% to $0.6 million, translating to $0.01 per diluted share. This decline was partly due to a one-time $0.9 million charge for stock compensation.
Key highlights include participation in a ‘Costco Roadshow’ and attendance at major industry trade shows. The company introduced new products, such as Breakfast Wraps and Meatball Entertaining Sleeves. Cash flow from operations generated $3.6 million, increasing cash equivalents to $13 million by April 30, 2024. Operating expenses rose 51% to $6.7 million.
CEO Adam L. Michaels emphasized automation and efficiency improvements to mitigate commodity cost increases. Adjusted EBITDA remained flat at $2.5 million. The company's focus is on profitable growth and strategic marketing initiatives.
Mama's Creations (NASDAQ: MAMA) announced the launch of new products and flavors at the IDDBA 2024 event, scheduled for June 9-11 in Houston, Texas. Attendees will see the introduction of their heat & eat Breakfast Wraps in three varieties, vacuum-packed Grilled Chicken Breasts, Mini Meatball Entertaining Trios, and new Gourmet Paninis.
The company aims to solidify its position as a comprehensive deli solution provider. The new product lines target various consumer needs, including breakfast, entertaining, and on-the-go snacking. The Gourmet Paninis are finalists for the inaugural Deli Business Innovation Award.
Lauren Sella, Chief Marketing Officer, highlighted that these new offerings result from a collaborative effort across Marketing, Sales, and R&D teams. Mama's Creations also plans to launch three new Meals for One products based on feedback from the event.
Mama’s Creations (NASDAQ: MAMA) will announce its fiscal Q1 2025 results on June 11, 2024, after market close. A conference call will follow at 4:30 p.m. Eastern Time to discuss the results, provide updates, and address investor questions. The company is focused on its 4C strategy to drive profitable revenue growth and has highlighted its recent successes in club stores and marketing initiatives. CEO Adam Michaels emphasized the importance of incremental margin gains from strategic CapEx projects, aiming for high ROI marketing and trade promotions. A playback of the call will be available until July 11, 2024.
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