Nightfood Hldgs Stock Price, News & Analysis

Nightfood Holdings, Inc. (OTCQB: NGTF) has announced a collaboration with TAP Air Portugal to offer its sleep-friendly cookies as an amenity on overnight flights from Miami to Lisbon. This initiative is part of a proof-of-concept phase in partnership with Nestlé START and CO. The cookies, which contain a QR code for passenger feedback, aim to promote better sleep during travel. The test period is set to begin on April 10, 2023, and will last approximately six to eight weeks. Nightfood's snacks are designed to support nighttime relaxation and better sleep quality, responding to a growing trend of health-conscious snacking.

Nightfood Holdings, Inc. (OTCQB: NGTF) has achieved Qualified Vendor status with Choice Hotels International, expanding its reach in the hotel industry. Nightfood's sleep-friendly snacks, including ice cream and cookies, will be promoted to Choice franchisees for potential inclusion in hotel lobbies and guest amenities. Choice Hotels, with nearly 7,500 locations globally, recognizes the wellness trend in hospitality and aims to enhance guest experiences by offering healthier nighttime snacks. Nightfood's products are designed to support better sleep and relaxation, catering to the growing demand for wellness-focused options in hotels.

Nightfood Holdings, Inc. (OTCQB: NGTF) has partnered with Sonesta International Hotels Corporation to launch sleep-friendly Nightfood ice cream across 160 managed properties, including Sonesta Select, Sonesta ES Suites, and Sonesta Simply Suites. This initiative, starting during Sleep Awareness Week on March 12, 2023, emphasizes guest wellness by providing ice cream options with less sugar to improve sleep quality. The rollout features flavors like Cookies n’ Dreams and Midnight Chocolate, with plans for further snack options in the future. Nightfood aims to capitalize on the $50 billion nighttime snack market by promoting healthier choices.

Nightfood Holdings, Inc. (OTCQB: NGTF) has announced an investor conference call scheduled for March 14, 2023, at 4:30 PM Eastern. The call aims to update stakeholders on hotel distribution and upcoming tests of Nightfood cookies as amenities in hotels and airlines. Investors can submit questions beforehand to be addressed based on relevance.

Nightfood is focused on sleep-friendly nighttime snacks, with existing distributions in numerous U.S. hotels. The company highlights that over 80% of Americans snack at night, leading to significant market opportunities. Its products aim to reduce sleep-disruptive ingredients while promoting relaxation and better sleep quality.

Nightfood Holdings is launching full-size Prime-Time Chocolate Chip cookies as amenities for a global airline and a national hotel chain, expected to begin testing this winter. The production of these individually wrapped cookies is prioritized over mini-cookies. Management anticipates that these arrangements could generate revenue equivalent to extensive retail distribution. However, there’s no guarantee that the tests will be successful or follow the planned timeline. Nightfood continues to expand its presence in hotels, where its ice cream is already performing well.

Nightfood Holdings, Inc. (OTCQB: NGTF) has reported strong sales performance for its sleep-friendly ice cream pints in November, capturing 42% of pint sales in a dataset of 29 hotels, surpassing Haagen Dazs in 38% of those locations. CEO Sean Folkson highlighted that this data reinforces the appeal of sleep-friendly snacks among hotel guests. The company is enhancing its distribution strategy, partnering with major distributors to broaden its market presence. Nightfood aims to capitalize on the $50 billion nighttime snacking market.