Mama's Creations, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2023
September 12, 2023 at 02:19 pm EDT
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Mama's Creations, Inc. reported earnings results for the second quarter and six months ended July 31, 2023. For the second quarter, the company reported sales was USD 24.79 million compared to USD 22.85 million a year ago. Net income was USD 1.74 million compared to net loss of USD 0.743246 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to diluted loss per share from continuing operations of USD 0.02 a year ago.
For the six months, sales was USD 47.91 million compared to USD 44.68 million a year ago. Net income was USD 3.14 million compared to net loss of USD 0.639549 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to diluted loss per share from continuing operations of USD 0.02 a year ago.
Mama's Creations, Inc. is a marketer and manufacturer of fresh deli prepared foods, found in over 8,000 grocery, mass, club and convenience stores nationally. The Company's product portfolio consists of a variety of easy to prepare foods to address the needs of both its consumers and retailers. Its product line includes all-natural specialty prepared refrigerated foods for sale in retailers around the country. Its primary products include beef and turkey meatballs, meat loaf, chicken, sausage-related products and pasta entrees. Its brands include MamaMancini's, Creative Salads and The Olive Branch. Its products include the Mama Mancini's brand featuring many all-natural meals that contain a minimum number of ingredients, many of which are derived from the original recipes of Anna Mama Mancini. It has more than 50 product offerings that are packaged in different sized retail and bulk packages. Its products are principally sold to supermarkets, club chains, and mass-market retailers.