MamaMancini’s will commence a major rotation joint merchandising program with all 600
Major supermarket authorizations include one new item authorized at 1,000 Albertsons and Safeway locations starting in April, and 10 new items authorized at 111 Schnucks Supermarkets in March. The Company’s
“We continued to scale our national network of tier-1 retailer and club store accounts in the first quarter, including the notable addition of T&L Creative Salads products into existing relationships at Sam’s Club,” said
“In the months ahead we will continue to push new products through the combined national distribution network, both from our MamaMancini’s classic line as well as through acquired companies. This positions us for an acceleration of robust sales growth starting in the first quarter of this fiscal year.
“While record high protein prices have certainly affected margins over the last year, we are hopeful that margins will normalize in 2022 as higher prices are passed on to retailers and there is expectations that commodity costs will back off some from these levels. Considering our potential for sales growth and normalized margins, we believe that we can create sustainable value for our valued shareholders,” concluded Wolf.
About MamaMancini’s
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's 10-K for the fiscal year ended
Investor Relations Contact:
Director
(949) 259-4987
MMMB@mzgroup.us
www.mzgroup.us
Source:
2022 GlobeNewswire, Inc., source