Pineapple Chips

Search documents
BranchOut Food Achieves Record $1.7M Monthly Revenue in June, Record 27% Gross Margin, and Approaches Breakeven EBITDA
Globenewswire· 2025-08-11 10:30
Core Insights - BranchOut Food Inc. reported a record performance in June 2025, achieving the highest monthly revenue of approximately $1.7 million and a gross margin of 27% [4][8] - The company experienced a year-to-date revenue growth of 129% compared to the same period in 2024, driven by strong demand across retail and ingredient channels [8][12] - Operational improvements were noted, with factory throughput increasing by 50% in June, and inventory turnover reduced to under 60 days [5][8] Financial Performance - The first half of 2025 saw revenue more than double year-over-year, with an EBITDA loss of $1.6 million primarily due to one-time scale-up costs [12] - Current liability debt was significantly reduced by 67%, from $6.39 million to $2.16 million in Q2 [8][11] - Management anticipates improved financial performance in the second half of the year due to enhanced operational efficiency and lower freight costs [12] Operational Efficiency - The company has been actively working to address a backlog of orders since opening its Peru facility, which has led to temporary reliance on air freight, impacting margins [5][8] - As operations catch up, gross margins are expected to improve by approximately 3-4% by transitioning from air freight to ocean freight [5] - The company is focused on scaling production efficiently for new products, with significant orders already placed by major retailers [6][7] Growth Strategy - BranchOut is committed to rapid growth through agile product development, which includes training new teams and optimizing production processes [6][10] - The company is well-positioned for continued growth, supported by strong sell-through in warehouse clubs and national retailers, as well as growing ingredient sales through partnerships [13] - Tariffs on Chinese imports are expected to provide additional competitive advantages for the company [13]
BranchOut Secures $2.8M in New Warehouse Club Orders as Pineapple, Banana, and Bell Pepper Surge; Strawberry Launches as Fourth Item and 2026 Expansion Plans Advance
Prism Media Wire· 2025-07-30 10:35
Core Insights - BranchOut Food Inc. has secured over $2.8 million in new orders from a major warehouse club, driven by strong consumer demand for its products, particularly Pineapple Chips, Chewy Banana Bites, and the upcoming launch of Crunchy Strawberry Halves [3][4][11] Product Performance - Pineapple Chips and Chewy Banana Bites have shown strong sales performance, leading to significant reorder volumes, including a $714,000 order for Pineapple Chips in the Southeast and an $860,000 order for Chewy Banana Bites in the Midwest [6][4] - The Midwest region alone has generated over $1.8 million in orders across three different SKUs, indicating robust market acceptance [5][6] - The new Crunchy Strawberry Halves are expected to replace an imported product, with early performance suggesting it could become a top-selling item [7][11] Innovation and Expansion Plans - BranchOut is preparing to launch a new line of snack packs targeted at children, aimed at grocery retailers, which is projected to be a $20–30 million opportunity [12][13] - The company has a pipeline of innovative products ready for retail presentations, including Mango Slices, Dragon Fruit, and Snack Mixes, designed to meet growing consumer demand for nutritious snacks [9][11] - The multipack format is anticipated to double the addressable market opportunity within warehouse clubs, with interest already expressed by retailers [13] Operational Strategy - The company is raising $3 million through an ATM program to support growth initiatives, including strategic hires, expanded partnerships, and new product development [16] - BranchOut's GentleDry™ technology is fully operational, with plans to address bottlenecks in preprocessing to maximize production capacity [15][17]
BranchOut Secures $2.8M in New Warehouse Club Orders as Pineapple, Banana, and Bell Pepper Surge; Strawberry Launches as Fourth Item and 2026 Expansion Plans Advance
Globenewswire· 2025-07-30 10:30
Core Insights - BranchOut Food Inc. has received over $2.8 million in new orders from a major warehouse club, indicating strong consumer demand and brand validation in the better-for-you snack category [2][10] - The company is expanding its product offerings with the launch of new items, including Crunchy Strawberry Halves, which are expected to become a staple in the warehouse club channel [5][11] - BranchOut is preparing a robust pipeline of innovative products aimed at enhancing its market presence and meeting consumer demand for nutritious snacks [8][10] Product Performance - Pineapple Chips and Organic Chewy Banana Bites have shown strong sales performance, leading to significant reorder volumes, including a $714,000 order for Pineapple Chips in the Southeast and an $860,000 order for Chewy Banana Bites in the Midwest [6][3] - The Midwest region alone has accounted for over $1.8 million in orders across three different SKUs, demonstrating the scalability of these products [4][6] - The upcoming launch of Crunchy Strawberry Halves is expected to replace an imported freeze-dried product, offering superior quality and value [5][6] Growth Strategy - BranchOut plans to launch a new branded line of snack packs targeted at kids and school lunches in 2026, aiming for placement in grocery produce departments to improve margins [11][12] - The multipack format presents a significant opportunity, potentially doubling the addressable market within the warehouse club channel [12] - The company is also developing a breakthrough product line outside the fruit and vegetable category, leveraging its GentleDry™ technology [13][14] Operational Enhancements - The company is raising $3 million through an ATM program to support growth initiatives, including strategic hires and operational enhancements [15] - BranchOut's Peru facility is currently underutilized, with plans to address bottlenecks in preprocessing to unlock the full potential of its GentleDry™ technology [14][15] - Investments in vertical integration and additional capital expenditures are expected to resolve existing constraints and enhance scalability [14][15]
BranchOut Food Reports Record $3.2M in Q1 Revenue Following Peru Factory Ramp-Up, National Retail Expansion, and $5–6M Ingredient Channel Partnership
GlobeNewswire News Room· 2025-05-15 13:15
Core Insights - BranchOut Food Inc. reported record Q1 2025 revenue of $3.2 million, a 118% year-over-year increase, marking a significant operational milestone with the full operation of its Peru facility [2][12][16] - The company is strategically positioned to benefit from U.S. tariffs on Chinese imports, providing a cost advantage over competitors reliant on Chinese sourcing [9][10] Financial Performance - Q1 2025 revenue reached $3.2 million, reflecting a 118% increase compared to the previous year [2] - The company anticipates being debt-free by the end of 2025, with substantial improvements in gross margin and cost structure expected to begin in Q2 [6][15] Operational Developments - The Peru facility, which is fully operational, supports over $40 million in annual production capacity and allows for better control over product quality and supply chain efficiency [2][6] - The facility's utilization is expected to improve significantly, with Q2 utilization already up more than 50% compared to Q1 [14] Strategic Partnerships and Market Expansion - BranchOut has expanded its partnership with the largest warehouse club in the U.S., generating nearly $3 million in sales in H1 2025 [3][6] - The company has entered a strategic partnership with MicroDried to lead sales in the industrial ingredient channel, projecting annual revenue of $5–6 million [6][8] Product Innovation and Direct-to-Consumer Strategy - BranchOut is expanding into the direct-to-consumer (DTC) channel, focusing on e-commerce and subscriptions, leveraging its proprietary GentleDry™ technology for competitive advantage [5][10] - The company has launched several innovative products, including Brussels Sprout Crisps and Carrot Sticks, which are now available nationwide [4][7] Market Positioning - With tariffs on Chinese imports at 30%, BranchOut is well-positioned to disrupt the freeze-dried snack market, competing against brands that heavily rely on Chinese sourcing [9][10] - The company is actively discussing replacing China-sourced private label SKUs with its own offerings to provide pricing stability and supply chain resilience [11]
BranchOut Food Secures $600K+ Order from the Midwest Region of the Nation's Largest Warehouse Club, Driving Bell Pepper Crisps Expansion Across Four Regions
GlobeNewswire News Room· 2025-03-05 11:00
Core Insights - BranchOut Food Inc. is experiencing significant growth through the expansion of its Bell Pepper Crisps product across multiple regions, including a new $600,000+ order from the Midwest [2][4] - The company's GentleDry™ dehydration technology is a key factor in its ability to deliver high-quality, nutrient-rich snacks, contributing to its strong market presence [3][8] - The expansion strategy includes a multi-product approach, moving away from a traditional single-product model, which is expected to drive record-breaking revenue [4][6] Expansion and Product Launches - The Bell Pepper Crisps have expanded to four regions, including the Midwest, Bay Area, and Texas, following a successful launch in Southern California [2][6] - BranchOut's Pineapple Chips have returned to Southeast Clubs, achieving nearly $900K in reorders, indicating strong consumer demand [6] - Organic Chewy Banana Bites are set to launch in Southern California and Hawaii with a $400K+ order, further diversifying the product lineup [6] Production Capacity and Efficiency - The new 50,000-square-foot facility in Peru is the largest GentleDry™ production hub globally, with an annual production capacity exceeding $40 million [7] - The Peru facility operates three production lines efficiently, allowing the company to meet increasing demand from major retailers [7][8] - The commitment to maintaining exceptional quality while scaling production is emphasized by the company's leadership [8]