Business
MamaMancini’s Announces 6,500 New Product Placements at Retailer and Convenience Store Locations Nationally
New Tier-1 Placements Illustrate Continued Food Service and Retail Store Momentum EAST RUTHERFORD, NJ, Aug. 30, 2022 (GLOBE NEWSWIRE) -- MamaMancini's
About this update from Mama's Creations, Inc.
[{"type":"text","content":"New Tier-1 Placements Illustrate Continued Food Service and Retail Store Momentum EAST RUTHERFORD, NJ, Aug. 30, 2022 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (NASDAQ: MMMB), which strives to become the largest marketer and distributor of fresh, clean and easy to prepare foods, today announced that it has secured new customer authorizations representing 6,500 product placements on retailer and convenience store shelves, with shipments to begin in late September and October 2022. The new retailer commitments secured include Key Foods (330 New York Metro and Florida locations); BJ's Club Stores (230 East Coast locations); Shop Rite (220 Northeast and Mid-Atlantic locations); Meijer (270 Midwest retail locations and 230 convenience store locations); Schnucks Supermarkets (110 Midwest locations); and Dutch Farms, a distributor in the Chicago market (expected to sell MamaMancini’s products into 150 retail and convenience store locations). The new placements are largely expected to begin shipment from late September through October 2022. Products authorized include an assortment of 14 products from T&L Creative Salads, including paninis, salads, grilled chicken, breaded chicken and wraps; six MamaMancini’s Meals for One variations as well as MamaMancini’s Original Meatballs in a Cup™, meat loaf with tangy sauce and bacon jam meat loaf. “We have seen strong growth in new authorizations this fall, spurred by improving retailer supply chains as well as our enhanced product innovation and marketing efforts in the food service space,” said Carl Wolf, Chief Executive Officer of MamaMancini’s. “These shipments clearly show the momentum of our new Meals for One and Meatballs in a Cup™ product lines, which can be easily adapted to fit countless recipes – enabling more SKUs per store. “With additional new authorizations anticipated in the coming months, we believe we are well positioned to achieve our goal of a $100 million annualized sales run rate by fiscal year end. I look forward to continued operational execution in the months ahead as we strive to create sustainable, long-term value for our shareholders,” concluded Wolf. About MamaMancini’s Holdings, Inc. MamaMancini's Holdings, Inc. (NASDAQ: MMMB) strives to become the largest marketer and distributor of fresh, clean, easy to prepare foods in North America. MamaMancini’s broad pro...