Exhibit 99.1

BranchOut
Food Expects to Exit 2026 at a ~$26M Annualized Run Rate, Roughly 80% Above FY2026 Revenue, Based on Forecasted Record Q4 Revenue of
$6M–$7M
Q4
revenue expected to grow 50%–75% year over year, driven by major retail launches and ingredient growth, establishing a new recurring
revenue base of approximately $4 million per quarter. This represents a fundamental shift from the Company’s historical reliance
on large, one-time orders, creating a predictable revenue foundation for the first time, with additional retail programs providing growth
beyond this new base.
Key
Highlights
| ● | Record
Q4 revenue of $6 million to $7 million expected, up 50–75% year over year, representing
a $24 million to $28 million annualized run rate and a substantially higher revenue base
heading into 2027. |
| ● | Q3
revenue of approximately $1 million, reflecting timing of customer delivery schedules, with
approximately $420,000 of warehouse club shipments delivered in early October, and a major
ingredient customer expanded its program by approximately $3 million, with deliveries from
Q4 through 2027. |
| ● | No
Additional Capital Anticipated: Following the anticipated closing of a common stock offering
in October 2026, management believes the Company will have sufficient capital to fund its
current operating plan and anticipated growth initiatives, including for seasonal raw material
purchases and increased production volumes. |
| ● | Recurring
revenue base of approximately $4 million per quarter heading into 2027, driven by: |
| ○ | Newly
launched everyday retail program in 309 clubs at the nation’s second-largest warehouse
club retailer. |
| ○ | Five
branded products now on shelves at a leading U.S. mass retailer. |
| ○ | Contracted
industrial ingredient orders, with ingredient revenue projected to grow from approximately
$2 million in 2025 to $6–7 million in 2026 and more than $10 million in 2027. |
| ● | In-season
raw material purchases for strawberry and blueberry programs were well below the off-season
prices that cut Q2 gross margin and are expected to improve gross margin beginning in Q4. |
| ● | Record
Production and Approaching Cash Breakeven: Production reached a record 55,000 kg in September,
with 60,000–70,000 kg per month targeted for Q4. Management estimates monthly cash
operating breakeven at approximately 55,000 kg ($21 million annualized revenue). |
| ● | New
programs: an approximately $2 million Tropical Fruit Mix order beginning to ship in December,
plus Dried Cheesecake Snacks at the nation’s two largest warehouse club retailers. |
| ● | Crunchy
Cheese Sticks entering a major dollar-channel test, with potential to become an approximately
$5 million annual recurring revenue program. |
| ● | Engaged
Hayden IR to lead its investor relations program, and will be presenting at Planet MicroCap:
Toronto 2026 on Wednesday October 28th at 9:00am ET and will be available for 1x1 investor
meetings October 28 and 29. |
BEND,
Ore., Oct 22nd 2026 — BranchOut Food Inc. (NASDAQ: BOF), a food technology company pioneering next-generation fruit, vegetable,
and dairy-based snacks and ingredients through its advanced REV dehydration technology, today provided a third-quarter business update
and outlined management’s expectations for record fourth-quarter 2026 revenue of $6 million to $7 million, up 50% to 75% year over
year. At the midpoint, fourth-quarter revenue implies an annualized run rate of approximately $26 million, roughly 80% above expected
full-year 2026 revenue of $14 million to $15 million.
The
anticipated record fourth quarter is driven by increasing factory production, major new everyday, continuous retail programs, and rapid
growth in the Company’s industrial ingredient business. With BranchOut ingredients increasingly incorporated into established product
formulations at major CPG companies, the Company is developing a growing foundation of predictable, recurring revenue.
Management
believes these developments represent an important turning point as BranchOut transitions from a business historically dependent on large,
onetime purchase orders toward a more consistent recurring revenue base, with significantly greater visibility into future customer demand.
Q3
Investments and Expanding Customer Commitments Position Company for Record Fourth Quarter
BranchOut’s
third quarter was focused on preparing for a significant increase in business, with major everyday retail programs launching and industrial
ingredient customers substantially expanding their purchase commitments. Several large industrial ingredient customers rescheduled deliveries
from Q3 into Q4 while significantly increasing their overall orders, including the launch of substantial recurring blueberry, strawberry,
and banana programs. These expanded commitments reflect growing demand and provide greater visibility into future revenue throughout
2027 and beyond. At the same time, the Company prepared for the launch of everyday retail programs with two of the nation’s largest
retailers, both expected to contribute meaningfully to fourth-quarter revenue and establish new sources of recurring business.
To
support this growth, BranchOut invested significantly in raw materials, finished goods inventory, manufacturing equipment, and production
capacity during Q3, positioning the Company to increase production and fulfill its expanding order book. Due to the timing of customer
deliveries and major retail launches, Q3 revenue is expected to be approximately $1 million, including the impact of approximately $420,000
in warehouse club shipments originally scheduled for late September that shifted into early October. Additionally, a major industrial
ingredient customer expanded its program by approximately $3 million, with deliveries scheduled from Q4 2026 through the first half of
2027.
Based
on current booked orders and anticipated delivery schedules, management expects record Q4 revenue of approximately $6 million to $7 million,
representing a significant increase from Q3 and all prior quarters.
More
importantly, management believes these developments mark a fundamental shift toward a larger, more predictable base of recurring revenue,
supported by ongoing retail replenishment and industrial ingredients incorporated into established commercial products. This growing
foundation is expected to support continued growth, improved manufacturing efficiency, and stronger margins.
CEO
Commentary
“While
Q3 revenue was impacted by customer delivery schedules, the underlying developments in our business tell a very different story about
where BranchOut is headed,” said Eric Healy, Chief Executive Officer of BranchOut Food.
“During
the quarter, we invested significant working capital in inventory and ramped our manufacturing operations in preparation for several
major recurring customer programs beginning in Q4. At the same time, some of our largest industrial ingredient customers moved deliveries
from Q3 into Q4, but importantly, they also substantially increased their total commitments, with major recurring orders for blueberries,
strawberries, and now bananas extending well into 2027.
“We’re
not simply replacing the revenue that shifted out of Q3. We’re building a significantly larger foundation of recurring business
than we’ve ever had before.
“In
September, our factory achieved a record 55,000 kilograms of production, and we’re targeting 60,000–70,000 kilograms per
month during Q4. Based on our current booked orders, we expect record fourth-quarter revenue of approximately $6 million to $7 million,
representing an annualized revenue run rate of approximately $26 million at the midpoint.
“What’s
particularly exciting is the visibility we’re beginning to develop into 2027. Our new everyday retail programs and substantially
expanded industrial ingredient commitments are creating a much more consistent foundation of customer demand. This is a fundamental change
from the large, individual purchase orders that have historically driven our revenue and created significant fluctuations between quarters.
“Our
ingredient business is becoming an increasingly important part of this transformation. We’re seeing growing adoption from major
food manufacturers, significant increases in existing customer commitments, and new opportunities across multiple ingredient categories.
We believe this business has tremendous potential to continue expanding over the coming years.
“We
also have an exciting pipeline of new products and retail opportunities, including our Tropical Fruit Mix launch and innovative Crunchy
Cheese Sticks, which could open another significant category of growth for BranchOut.
“As
we continue increasing factory production, we expect our manufacturing costs per pound to decline and margins to improve. We’ve
made substantial investments in building the infrastructure to support a much larger company, and we’re now beginning to see the
customer demand and production volumes necessary to realize the benefits of those investments.
“While
Q3 was a challenging quarter from a revenue perspective, we believe the progress made during the period has positioned BranchOut for
a record Q4 and, more importantly, a substantially stronger and more predictable business heading into 2027.”
Factory
Achieves Record Production as Manufacturing Volumes Accelerate
BranchOut
achieved a new monthly production record of approximately 55,000 kilograms in September, demonstrating the expanding scale and improving
capabilities of its manufacturing operations in Peru.
Building
on this milestone, the Company is targeting monthly production volumes of approximately 60,000–70,000 kilograms during the fourth
quarter to support increasing retail and industrial ingredient demand.
This
growth in production follows several years of investment in equipment, manufacturing infrastructure, workforce development, and operational
improvements designed to support a substantially larger business.
As
manufacturing volumes increase, management expects production costs per pound to decline as fixed factory expenses are spread across
greater output. More consistent production schedules are also expected to improve labor efficiency, reduce downtime between production
runs, and create opportunities for more favorable raw material purchasing. Management estimates the Company reaches cash operating breakeven
at approximately 45,000 kilograms of monthly production, or approximately $18 million in annual revenue, in an optimized scenario with
target raw material and overhead costs. At recent costs, breakeven is approximately 55,000 kilograms per month, or approximately $21
million in annual revenue. Management expects the breakeven level to move toward the optimized scenario as in-season contracted sourcing
and lower overhead reduce costs.
The
growing proportion of recurring customer programs is particularly important in supporting these improvements, as predictable order volumes
allow the Company to operate its manufacturing lines more consistently and efficiently.
Management
believes the combination of higher production volumes and improved manufacturing efficiency will contribute to stronger gross margins
and support the Company’s progress toward sustained profitability. Raw materials for the expanded strawberry and blueberry programs
are being purchased in season under contract, at prices well below the off-season spot purchases that reduced second-quarter gross margin.
Management expects this to lift gross margin beginning in the fourth quarter.
Major
Warehouse Club Everyday Program Establishes Recurring Revenue Foundation

BranchOut’s Crunchy Fruit Chips have officially launched as an everyday offering across 309 clubs at the nation’s second-largest warehouse club retailer, marking a significant milestone in the Company’s retail expansion.
The transition from a limited-time promotional program to everyday distribution represents an important change in BranchOut’s business with this major customer.
Rather
than fulfilling individual promotional purchase orders, the Company now has the opportunity to support ongoing replenishment as
products sell through at the club level, creating the potential for more consistent demand and predictable manufacturing schedules.
Management
believes this program establishes an important foundation for continued expansion within the warehouse club channel, with opportunities
to introduce additional products and increase distribution over time.
Tropical
Fruit Mix Preparing for Additional $2 Million Retail Program

Building
on its expanding relationship with the same warehouse club retailer, BranchOut is preparing production for an additional Tropical Fruit
Mix program representing approximately $2 million in anticipated revenue, with initial deliveries expected before year-end.
The
new product expands BranchOut’s assortment within the retailer and demonstrates the Company’s ability to develop innovative
fruit snacks that deliver distinctive flavor and texture through its REV technology.
Management
has high expectations for the product’s retail performance and believes a successful launch could create the opportunity for Tropical
Fruit Mix to transition into another everyday offering.
If
successful, the program would provide an additional source of recurring revenue while increasing manufacturing volumes through the Company’s
existing production infrastructure.
Five-Product
Launch Hits the ‘target’ at Leading Mass Retailer, Establishing National Distribution
BranchOut
has completed the launch of five branded products at a leading U.S. mass retailer, with the new assortment now available on store shelves.

The
launch significantly expands BranchOut’s branded retail footprint and introduces additional consumers to its innovative fruit,
vegetable, and dairy-based snacks.
The
assortment highlights the versatility of BranchOut’s REV technology and its ability to create differentiated products across multiple
snack categories.
Management
believes the expanded distribution provides another important opportunity to generate ongoing replenishment orders as products gain traction
with consumers, while creating a platform for future product introductions and additional distribution growth.
Together
with the Company’s expanding warehouse club presence, the launch represents another step toward establishing a broader, more consistent
base of retail revenue.
Industrial
Ingredient Business Establishes Substantial Growing Base of Predictable, Recurring Revenue
BranchOut’s
industrial ingredient business continues to accelerate, with substantial new and expanded customer commitments establishing a growing
foundation of predictable, recurring revenue. The Company has secured significant recurring orders across multiple fruit categories,
including blueberries, strawberries, and, most recently, bananas. Customer purchase commitments have increased substantially, reflecting
growing demand from major food manufacturers.
Importantly,
BranchOut’s ingredients are now being incorporated directly into established commercial recipes and formulations at major CPG companies.
Once integrated, these ingredients are difficult and costly to replace, creating long-term customer relationships and the potential for
consistent repeat orders as these products continue to be manufactured. While certain large ingredient deliveries originally anticipated
during Q3 were moved into Q4, these changes were accompanied by significant increases in total customer commitments, strengthening the
Company’s revenue outlook and providing greater visibility into future demand.
Following
approximately $2 million in ingredient revenue in 2025, management projects approximately $6–7 million in 2026 and more than $10
million in 2027, driven by expanding customer commitments and growing adoption across snacks, bars, cereals, bakery products, and other
packaged foods. BranchOut is also working on expanding into Europe, with plans to attend SIAL Paris, one of the world’s largest
food industry trade shows, in October. The Company has already scheduled multiple meetings with prospective industrial ingredient customers
and is arranging for its products to be presented to key European food manufacturers, opening new opportunities for international growth.
Management
believes the integration of its ingredients into established CPG products represents a fundamental shift in the business, creating greater
revenue visibility and predictability for the first time. With substantial recurring programs already established, expanding international
opportunities, and a growing commercial pipeline, industrial ingredients are positioned to become one of BranchOut’s most significant
and dependable long-term growth drivers.
Innovative
Crunchy Cheese Stick Line Launches in Convenience Store Channel Ahead of Major Dollar-Channel Retail Test

BranchOut
recently unveiled its innovative Crunchy Cheese Stick line at the NACS Show in Las Vegas, the premier trade show for the convenience
store industry, introducing a unique new snack made from 100% real cheese, dehydrated and puffed into a light, crunchy stick with 15
grams of protein per bag and just one ingredient: cheese.
The
product received overwhelmingly positive feedback at the show, reinforcing management’s belief that its combination of innovation,
convenience, and high protein content makes it an ideal fit for the convenience store channel and today’s growing demand for protein-rich
snacks.
BranchOut
is also preparing for a major dollar-channel retail test in November, which could develop into an approximately $5 million annual recurring
revenue opportunity following a successful test and broader rollout.
Management
believes Crunchy Cheese Sticks could become one of the Company’s most significant growth platforms, with potential across convenience
stores, mass retail, club stores, and other channels. Given the size of the cheese and protein-snacking categories, management believes
this product line has the potential to eventually surpass BranchOut’s fruit snack business, opening a substantial new market opportunity
for the Company’s REV technology.
Innovative
Dried Cheesecake Snacks Preparing for Holiday Launch at Nation’s Largest Warehouse Club Retailer in Texas

BranchOut is preparing to launch its innovative Dried
Cheesecake Snacks at the nation’s largest warehouse club retailer in Texas for the upcoming holiday season, marking an exciting
expansion into the dessert-snacking category. Production is currently underway at the Company’s manufacturing facility in Peru,
with initial deliveries being prepared for the holiday launch.
Developed
using BranchOut’s REV technology, the product transforms traditional cheesecake into a convenient, shelf-stable snack while preserving
its rich flavor and creamy characteristics.
Several
additional regions within the warehouse club retailer have already expressed interest in the product and are closely monitoring the Texas
launch to evaluate opportunities for expansion. Management believes a successful launch could lead to a much broader regional rollout,
potentially establishing Dried Cheesecake Snacks as a significant new product line and revenue opportunity for BranchOut.
Investor
Relations and Upcoming Conference
BranchOut
has engaged Hayden IR to lead its investor relations program. Management will present at Planet MicroCap: Toronto 2026 on Wednesday October
28th at 9:00am ET, available via webcast by clicking here, and will be available for 1x1 investor meetings October 28 and
29. Investors can request a meeting at www.planetmicrocap.com or by emailing James@HaydenIR.com.
Investor
Relations:
Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com
James
Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com
Forward-Looking
Statements
This
press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking
statements relate to expectations or forecasts of future events. Forward-looking statements may be identified using words such as “forecast,”
“intend,” “seek,” “target,” “anticipate,” “believe,” “expect,”
“estimate”, “plan,” “position”, “outlook,” and “project” and other similar
expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements
with respect to the operations of BranchOut Food, Inc., (the Company) strategies, prospects and other aspects of the business of the
Company are based on current expectations that are subject to known and unknown risks and uncertainties, which could cause actual results
or outcomes to differ materially from expectations expressed or implied by such forward-looking statements. You are cautioned not to
place undue reliance upon any forward-looking statements, which speak only as of the date made. Although it may voluntarily do so from
time to time, the Company undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable securities laws.
Exhibit 99.2

BranchOut
Food Inc. Announces Proposed Public Offering
BEND,
Ore., October 22, 2026 /GlobeNewswire/ -- BranchOut Food Inc. (Nasdaq: BOF) (“BranchOut” or the “Company”), a
growth-stage consumer packaged foods company focused on developing, manufacturing, marketing and distributing clean-label, plant-based
dried fruit and vegetable snacks, today announced that it has commenced an underwritten public offering (the “Offering”)
of shares of its common stock to multiple investors. All of the shares in the Offering are to be sold by the Company.
Lake
Street Capital Markets, LLC is acting as the representative of the underwriters for the Offering. The Company expects to grant the representative
a 30-day option to purchase up to an additional 15% of the shares of common stock sold in the Offering solely to cover over-allotments.
The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed
or as to the actual size or terms of the Offering.
The
Company intends to use the net proceeds from the Offering for working capital and general corporate purposes, including operating expenses
and capital expenditures.
The
shares of common stock are being offered pursuant to a registration statement on Form S-3 (File No. 333-299400), which was declared effective
by the Securities and Exchange Commission (the “SEC”) on October 16, 2026 . The Offering will be made only by means of a
prospectus supplement and accompanying prospectus forming a part of the registration statement. A prospectus supplement relating to and
describing the terms of the Offering will be filed with the SEC and will be available free of charge on the SEC’s website at www.sec.gov.
Copies of the prospectus supplement and accompanying prospectus may also be obtained, when available, from Lake Street Capital Markets,
LLC, 121 South 8th Street, Suite 1000, Minneapolis, Minnesota 55402, by telephone at (612) 326-1305 or by email at capitalmarkets@lakestreetcm.com.
Disclaimer
This
press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale
of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or other jurisdiction.
About
BranchOut Food Inc.
BranchOut
Food Inc. (Nasdaq: BOF) is a leading international food technology company specializing in the production of high-quality dehydrated
fruit- and vegetable-based products through its proprietary GentleDry™ technology. This next-generation dehydration method is designed
to preserve the nutrition, quality and taste of fresh produce. BranchOut’s technology enables the Company to serve branded, ingredient
and private-label customers. For more information, visit www.branchoutfood.com or follow BranchOut Food on social media.
Forward-Looking
Statements
This
press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including
statements regarding the proposed Offering, the expected grant and potential exercise of the over-allotment option, the Company’s
expected use of proceeds and the timing, size, terms and completion of the Offering. Forward-looking statements are generally identified
by words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,”
“potential,” “should,” “will,” “would” and similar expressions. These forward-looking
statements are based on management’s current expectations and assumptions and are subject to risks and uncertainties that could
cause actual results to differ materially from those expressed or implied, including market conditions; the Company’s ability to
complete the Offering on acceptable terms or at all; volatility in the market price of the Company’s common stock; the satisfaction
of customary closing conditions; and the other risks and uncertainties described under “Risk Factors” in the prospectus supplement
relating to the Offering and in the Company’s filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent
Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements. Except as required
by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after
the date of this press release.
For
more information:
ir@branchoutfood.com
SOURCE
BranchOut Food Inc.