Nightfood Hldgs Stock Price, News & Analysis

Nightfood Holdings, Inc. (OTCQB: NGTF) is set to introduce its sleep-friendly snacks at the AAHOACON 2022 in Baltimore from April 12 to 15, showcasing its partnership with iDEAL Hospitality Partners. Targeting the $50 billion nighttime snack market, Nightfood aims to penetrate the hotel industry, with plans to secure distribution in 7,500 hotels within nine months. After a successful pilot test with a leading hotel brand, Nightfood anticipates rapid growth and profitability through its unique snack formulations designed to promote better sleep quality.

Nightfood, Inc. (OTCQB: NGTF) announced an updated timeline for its national hotel distribution launch, following confirmation of initial purchase orders expected soon. The first hotel chain to distribute Nightfood will have over 500 U.S. locations, collectively part of a global brand. CEO Sean Folkson expressed excitement about a newly signed agreement with a group purchasing organization that services numerous hotels. Nightfood aims to introduce its sleep-friendly ice cream flavors, Cookies n’ Dreams and Midnight Chocolate, in hotel lobby shops by April 2022.

Nightfood, Inc. (OTCQB: NGTF) will hold an investor conference call on March 1, 2022, at 4:30 PM ET to discuss its hotel launch, new product development, and supermarket distribution agreements. Shareholders can submit questions to be answered during the call. Nightfood aims to address the $50 billion nighttime snacking issue faced by over 80% of Americans. Their sleep-friendly snacks, formulated by experts, focus on reducing sleep-disruptive ingredients while promoting relaxation. A replay of the call will be available for those unable to attend.

Nightfood Holdings, Inc. (OTCQB: NGTF) announced the extension of CEO Sean Folkson's share lock-up for an additional twelve months, promoting confidence in the company's future. The firm is set to launch its sleep-friendly snacks in U.S. hotel lobby shops, targeting over 20,000 properties. This strategic pivot follows a successful pilot test with a major hotel brand, aiming for higher margins compared to supermarket sales. Nightfood's products are tailored to address the $50 billion nighttime snacking market, focusing on healthier options that support better sleep.

Nightfood Holdings (OTCQB: NGTF) is promoting sleep-friendly snacks in the hotel industry. CEO Sean Folkson emphasizes the opportunity for hotels to provide healthier night snacks, akin to Westin's bedding renovation in the late '90s. Nightfood aims for rapid industry adoption, with distribution in 7,500 hotel locations targeted by summer 2022. The company has completed a successful pilot test and won a $150,000 marketing prize for its ice cream sandwich. Over 80% of Americans snack at night, generating a $50 billion market.

Nightfood Holdings, Inc. (OTCQB: NGTF) is innovating in the night snack category by developing ice cream sandwiches for hotel lobby retail sales. Following its success in the Real California Milk Excelerator program, Nightfood aims to enhance distribution in hotels, where ice cream sales are rising. Currently, 20,000 U.S. hotels sell ice cream, and Nightfood's single-serve items could increase market presence. With more Americans snacking at night, Nightfood's unique formulations target healthier options to improve sleep quality.

Nightfood Holdings (OTCQB: NGTF) reported a remarkable 190% increase in net revenue for the fiscal year ending June 30, 2021, totaling $701,246, compared to $241,673 the previous year. The company exceeded gross sales of $1 million for the first time, reaching $1,117,847. Significant strides include the completion of a hotel pilot test and expansion in over 1,500 supermarkets. Nightfood also strengthened its balance sheet by eliminating debt and enhancing assets by 69%, with total liabilities reduced by 91%.