MamaMancini's is a marketer and distributor of a line of beef meatballs and turkey meatballs all with sauce; five cheese stuffed beef and turkey meatballs all with sauce; original beef and turkey meatloaves; chicken parmesan; stuffed peppers and other similar Italian cuisine products. The Company's sales have been growing on a consistent basis as the Company expands its distribution channel; which 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.

MamaMancini has significant growth potential for its specialty food product lines of authentic home-style all-natural Italian meatballs, meat loaf, stuffed pepper and pasta (lasagna) dishes. The Company has successfully launched 12 new products on QVC since June 2015, and its distribution channel has grown to over 12,200 U.S. supermarkets, capturing 30% of market share. The Company’s recent acquisition of Joseph Epstein Foods Enterprise, the sole manufacturer of MamaMancini’s products, is expected to add beneficial synergies to business operations.

The Company has been cumulatively profitable since July 31, 2016. 3QFY17 was another record quarter of revenue, up 61% YOY to $7.35 million. The increase in sales was driven by selling products in higher volume locations. Also, according to an independent market survey (VERA QUEST) of purchasers, 92% intend to purchase MamaMancini’s products again. Statistics indicate that prepared foods are growing 8% per annum vs. traditional packaged foods declining 1-2% per annum.

Company management is focused on adding multi-million-dollar accounts, lowering operating expenses, and expanding gross margins. With a proven ability to execute, combined with expanding distribution channels, MamaMancini’s is well-positioned for valuation improvement in the quarters ahead.


  • MMMB generated $7.35 million in revenue in 3QFY18, up 61% over 3QFY17
    • Top 10 accounts represented $22.7 million (88.6%) trailing twelve-month revenue
    • Increase in sales is due to selling products in higher volume locations
    • The Company announced that it has achieved 16 product authorizations since January 1, 2018 for new deliveries to regional and national food retailers as well as QVC

  • Company sells its product on QVC, the world’s largest direct-to-consumer marketer
    • Co-Founder, Dan Mancini sells live on QVC up to 6 times per month

  • Management’s goal is $50 million sales run-rate by FY 2019 with $8 million EBITDA run-rate at that time
    • Management initiatives include focusing on multi-million-dollar accounts, lowering operating expenses, and increasing brand awareness

  • MamaMancini products in over 12,200 U.S supermarket locations, capturing 30% of grocery market share
    • Major supermarkets include Publix, Whole Foods, Sam’s Club, Costco, Albertson’s/Safeway etc.

  • Strong customer acceptance of products; 92% intent to purchase MamaMancini again

More Information | Company Website


Investor Contact Info:

RedChip Companies Inc.
1017 Maitland Center Commons Blvd.
Maitland, FL 32751
(407) 644-4256


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