EAST RUTHERFORD, NJ, April 16, 2024 (GLOBE NEWSWIRE) -- Mama's Creations, Inc. (NASDAQ:MAMA), a leading national marketer and manufacturer of fresh Deli prepared foods, will release financial results for the fiscal fourth quarter and year ended January 31, 2024 after market close on April 24, 2024. Management will host an investor conference call at 4:30 p.m. Eastern time on Wednesday, April 24, 2024 to discuss the Company's fourth quarter and fiscal year 2024 financial results, provide a corporate update, ...

NASDAQ: MAMA Investor Day Presentation February 2024 This presentation 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 cau ...

FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended: October 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ___________ to ____________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Table of Contents Washington, DC 20549 Commission File Number: 001-40597 Mama's Creations, Inc. (Exact name of Registrant as specified in its charter) (State or other jur ...

Mama's Creations, Inc. (NASDAQ:MAMA) Q2 2027 Earnings Conference Call September 12, 2023 4:30 PM ET Company Participants Adam L. Michaels - Chairman and Chief Executive Officer Anthony Gruber - Chief Financial Officer Conference Call Participants Eric Des Lauriers - Craig-Hallum Capital Group Ryan Meyers - Lake Street Capital Markets Howard Halpern - Taglich Brothers [Transcript Provided by the Company] Operator Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to Mama’s Creations Sec ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended: July 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ___________ to ____________ Commission File Number: 001-40597 Mama's Creations, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorpor ...

Financial Data and Key Metrics Changes - The first quarter of fiscal 2024 saw a revenue increase of 5.9% to $23.1 million compared to $21.8 million in the same quarter last year [29] - Gross profit increased by 65% to $6.4 million, representing 27.6% of total revenues, up from 17.7% in the same year-ago quarter [30] - Net income for the quarter was $1.4 million or $0.04 per diluted share, compared to $0.1 million or zero per diluted share in the same year-ago quarter, with net income totaling 6.1% of revenue [32] Business Line Data and Key Metrics Changes - The company launched Mama's Creations, a platform brand for international cuisine, which received positive reviews from retailers and consumers [15] - The in-a-Cup product line was expanded, addressing consumer demand for convenient meal solutions [23] - The company reported successful cross-selling efforts contributing to organic growth [29] Market Data and Key Metrics Changes - Consumers are increasingly opting for grocery store prepared foods due to macroeconomic headwinds, with a focus on high-quality, affordable meal solutions [17] - Retailers are facing significant supply chain and labor challenges, seeking efficient solutions for their deli and grab-and-go offerings [18] Company Strategy and Development Direction - The company aims to become a one-stop shop for deli prepared foods, addressing the $40 billion foodservice and prepared foods market [16] - A corporate name change to Mama's Creations is planned to better reflect the company's identity as a national deli solutions provider [26] - The company is focused on continuous foundational improvement through its 3Cs strategy: cost, controls, and culture [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to grow profitability, with expectations of normalized gross margins returning to the upper 20% range in the near term and potentially exceeding 30% in the long term [34] - The leadership team is optimistic about the upcoming launch of a new sales organization and the introduction of incremental products to capture market share [27] Other Important Information - Cash and cash equivalents increased to $5.3 million as of April 30, 2023, driven by $1.6 million in cash flow from operations [33] - Adjusted EBITDA for the first quarter increased to $2.5 million compared to $0.7 million in the same year-ago quarter [44] Q&A Session Summary Question: Can you quantify the average items carried and cross-selling trends? - The average items carried increased to over six items on a weighted average basis, reflecting successful cross-selling efforts [51] Question: What are the growth expectations for the second half of the year? - Management is optimistic about growth due to the right products and a larger sales force, with positive feedback from recent product launches [53] Question: How have price increases been received by customers? - Price increases have been well received, with nearly all customers accepting the new pricing, which aligns with market expectations [68]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended: April 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ___________ to ____________ Commission File Number: 000-54954 MamaMancini's Holdings, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of i ...

Financial Data and Key Metrics Changes - Revenue for Q4 2023 increased 64% to $22.8 million compared to $13.9 million in the same quarter last year [36] - Net income for Q4 2023 was $1.8 million, a significant improvement from a net loss of $1.3 million in the same quarter last year [40] - Gross profit increased 147% to $6.4 million, representing 28.2% of total revenues in Q4 2023, compared to 18.7% in the same year-ago quarter [37] - Operating expenses as a percentage of sales decreased to 19.9% in Q4 2023 from 28.8% in the same year-ago quarter [39] Business Line Data and Key Metrics Changes - All three business segments (MamaMancini's, T&L Creative Salads, and Olive Branch) experienced double-digit organic growth [59] - The organic growth from T&L and Olive Branch exceeded initial expectations by over 150% in their first year post-acquisition [36] Market Data and Key Metrics Changes - The private label food and beverage category is growing at twice the rate of branded products, with 73% of consumers preferring private label brands [18] - The company is well-positioned to benefit from the trend of consumers transitioning to grocery store prepared foods due to economic pressures [19] Company Strategy and Development Direction - The company aims to become a one-stop shop for prepared foods, targeting the $40 billion-plus food service and prepared foods market [17] - A corporate name change to Mama's Creations and a ticker change to MAMA are planned to better reflect the company's identity as a national deli solutions platform [31][32] - The focus is on building a robust sales and marketing organization to drive organic growth and improve market share [54] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about achieving upper-end gross margins in the high 20s, despite potential commodity price fluctuations [58] - The company is targeting a long-term net income margin improvement to approximately 10% and adjusted EBITDA margins in the teens percentage range [34] Other Important Information - The company has implemented new financial and operational controls to enhance agility and efficiency [23] - Recent hires, including a Chief Procurement Officer, are expected to improve inventory management and capital expenditures [52] Q&A Session Summary Question: Is the gross margin of 27.5% the new baseline for the business? - Management indicated that they are targeting upper-end high 20s for gross margins, with ongoing efforts to manage commodity prices [56][58] Question: Can you quantify revenue during the quarter and the contribution from cross-selling? - All three business segments grew double digits, with cross-selling playing a significant role in the growth [59] Question: What are the biggest milestones to watch for in FY '24? - The focus will be on building the sales and marketing organization, similar to the improvements seen in finance and operations [61]

Company Overview and Strategy - MamaMancini's objective is to become the leading national "one-stop-shop" solution for high quality fresh, clean and easy to prepare foods[6,73] - The company is pursuing a targeted growth strategy focused on synergy realization and cross-selling, aiming to be in every part of the deli counter with significantly more SKUs per store[6,43] - The company is actively searching for complementary, accretive near-in food product companies to enhance its product line and national distribution footprint[3,62] - The company aspires to become the next $1 billion deli solutions provider through a combination of accretive acquisitions and organic growth[49,62] Financial Performance - FY23 revenues reached $93.2 million with a gross margin of 20.8% and net income of $2.3 million[17,52] - Q4 FY23 revenues were $22.8 million with a gross margin of 28.2% and net income of $1.8 million[17,52] - The company has over 45,000 product placements on shelves nationwide, with an average of 5.2 SKUs per customer/banner[43] Market Trends and Consumer Preferences - The deli is a $40 billion department and one of the fastest-growing departments in the store[20] - Prepared deli foods represent a $20 billion market, growing over 20% L52, well ahead of the total F&B industry[20] - 93% of grocers have seen an increase in demand for fresh food, and 84% have expanded their fresh department offerings[20] - 93% of consumers would recommend the company's beef meatballs based on a Q2 2022 online market survey[27,28]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended January 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 MAMAMANCINI'S HOLDINGS, INC. (Exact name of registrant as specified in its charter) Nevada 001-40597 27-0607116 Securities Registered Pursuant to Section 12(g) of the Act: | Title of Each Class | Trading Symbol | ...