Business
Barfresh Builds on Education Channel Momentum with Additional Major Customer Wins
Company Expands to Additional 542 New School Customer Locations Across Multiple States, Serving Barfresh Products to Over 390,000 Students for Fall
About this update from Barfresh Food Group Inc.
[{"type":"text","content":"Company Expands to Additional 542 New School Customer Locations Across Multiple States, Serving Barfresh Products to Over 390,000 Students for Fall Accelerating Customer Wins to Drive Barfresh’s Projected Record Fiscal Year 2024 Revenue and Year Over Year Margin Expansion LOS ANGELES, June 04, 2024 (GLOBE NEWSWIRE) -- Barfresh Food Group Inc. (the “Company” or “Barfresh”) (Nasdaq: BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, continued accelerating its education channel growth trajectory, announcing today it has won several new customers in this key sales channel. The Company recently secured 542 new school locations across multiple states, representing a collective population of over 390,000 students. These new school locations will serve a variety of the Company’s products, including its Twist & Go carton and bottled smoothie products, 5:1 100% juice concentrates, and 1:1 bulk easy pour concentrates to their students beginning with the 2024-2025 school term. Over the past month, Barfresh has announced over 3,100 new customer school locations, representing over 2.2 million students, that will be served a range of the Company’s products either on their breakfast menus or a la carte menus. With numerous bids in the education channel currently underway, the Company anticipates announcing a significant number of new customer wins before the 2024-2025 school year commences. Riccardo Delle Coste, the Company’s Chief Executive Officer, stated, “We’re thrilled to announce another wave of significant new customer acquisitions within the education channel. This continued success stems from our strategic efforts to expand national broker coverage, increase production capacity for our popular carton product, and reintroduce our 100% juice concentrate offering. The recent addition of a Vice President of Supply Chain & Co-Manufacturing will be instrumental in onboarding these latest school wins while ensuring sufficient product supply and exceptional service levels as we seek to add a new bottle co-manufacturing partner. These newly secured 542 school locations will offer students a diverse portfolio of healthy beverages thoughtfully crafted to meet the unique needs of the education channel. Securing these accounts showcases the strength of our sales capabilities, the tremendous appeal of our better-for-you produc...