Following an announcement about the additional placement of products in major grocery retailers, MamaMancini’s Holdings expects to report significant Q3 fiscal 2018 revenue increase.
The prepared foods section is the fastest growing section of grocery stores as consumers increasingly choose ready-to-serve meals to accommodate their very busy work and family schedules.
Retailers include Sam’s Club, Costco, HyVee, Publix, Whole Foods, The Fresh Market, Ahold (Stop & Shop), and QVC in the last three months, according to the company, a marketer of specialty pre-prepared, frozen and refrigerated all natural food products.
Placements include meatloaf, chicken parmigiana, stuffed peppers mix, authentic jumbo meatballs; cheese stuffed meatballs, cocktail meatballs and meatballs and sauce for sandwich shops with major retailers throughout the U.S.
“We are pleased to continue to penetrate our target markets of prepared foods and delis on the periphery of grocery stores throughout the country,” says Carl Wolf, president and CEO of MamaMancini’s Holdings, Inc. “Major grocery retailers are embracing our products as their nutritional, taste and convenience profiles continue to attract new customers.”
The prepared foods section is the fastest-growing section of grocery stores as consumers increasingly choose ready-to-serve meals to accommodate their very busy work and family schedules, Wolf adds.
“We continue to gain traction on our strategy,” Wolf says. “In that regard, we expect to announce that revenue for the third quarter of fiscal 2018, which ends on Oct. 31, 2017, will increase by approximately 55% compared to the $4.6 million in revenue reported in the third quarter of fiscal 2017. We are pleased with the consistent progress that we are achieving and we look to complete the fiscal year on a strong note.”
MamaMancini’s sales have been growing on a consistent basis as the company expands its distribution channel. This includes major retailers and distributors such as Costco, Publix, Shop Rite, Jewel, Save Mart, Sam’s Club, Lucky’s, Lunds and Byerlys, SuperValu, Safeway, Albertsons, Spartan Nash, Whole Foods Market, Hy-Vee, Shaw’s, Kings, Roche Bros., Key Foods, Stop & Shop, Giant, Giant Eagle, Foodtown, Kroger, Shoppers, Schnucks Markets, Fresh Direct, King Kullen, Lowes, Central Market, Weis Markets, Ingles, Food City, The Fresh Market, Market Basket, Meatball Obsession, Monterrey Provisions, Porky Products, Sysco, DPI, United Natural Foods, Bozzutos, Burris Foods, and C&S. A variety of products also sell on air and on line on QVC, the company states.