MAMAMANCINI'S HOLDINGS, INC.
Mamamancini's Email List: Click to Subscribe
View Company Website: Click to View
Report Link: Updated Research Report (Dated 04/23/2021)
Analyst: Howard Halpern
Taglich Rating: Speculative Buy
Price Target: $4.25
Time Horizon: 12 Months
Rating Established: November 20, 2017
Price When Established: $1.25
Most Recent Report: April 23, 2021
Price When Issued: $2.91
MamaMancini’s Reports 1Q22 Results
On June 14, 2021, MamaMancini’s reported 1Q22 results for the period ended April 30, 2021.
MMMB reported sales (net of slotting fees) of $10.3 million compared to $10.8 million in the year-ago period. While year-over-year sales decreased 5% due to one-time COVID-19 sales in 1Q21, sales increased 45% over the two-year period ending 1Q22.
Net income was $632,000 or $0.02 per share compared to $906,000 or $0.03 per share in 1Q21.
We forecasted 1Q22 revenue of $9.9 million and net income of $50,000 or breakeven per share.
MamaMancini’s Holdings, Inc., headquartered in East Rutherford, NJ, is a specialty prepared foods marketer and distributor of natural, authentic Italian meatballs containing beef, turkey, chicken, and pork combined with its homemade slow cooked Italian sauce and other Italian products.
Please view our current disclosure and disclaimer on our most recent research report.