MamaMancini’s Holdings, Inc. a marketer of specialty pre-prepared, frozen and refrigerated all-natural food products, today announced additional product placements or special merchandising activity in over 2,500 major grocery retailer locations, including Publix Super Markets, Sam’s Club (A division of Walmart Inc.), Albertsons Companies and Tops Markets.
The additional sales activity of MamaMancini’s products in the 2,500 retail locations is expected to generate an additional $0.8 million to $1.1 million in quarterly revenue beginning in the third quarter of fiscal 2020. MamaMancini’s has the potential of adding an additional 2,700 locations with these retailers in the next six months, provided consumer acceptance is positive.
“I am pleased to announce these new product placements or increased merchandising activity with additional Tier-1 retailers, further expanding our footprint and helping to bolster our revenues,” said Carl Wolf, Chairman, and CEO of MamaMancini’s Holdings, Inc. “Moreover, there is significant growth opportunity in the next six months to more than double the recently announced 2,500 placements with these retailers if consumer acceptance is strong. I look forward to continued execution upon our operational milestones and creating long-term, sustainable value for our shareholders.”
