Mama's Creations, Inc. is a manufacturer and marketer of high-quality, all-natural deli-prepared foods rooted in Italian cuisine, primarily operating in the US with a diverse product portfolio.

# Summary of Mama's Creations, Inc.

## Business Overview
Mama's Creations, Inc. is a manufacturer and marketer of high-quality, fresh deli-prepared foods, focused on natural ingredients and authentic recipes rooted in Italian cuisine. The company primarily operates in the United States, with products found in over 10,000 grocery, mass, club, and convenience stores nationwide.

## Product Portfolio & Market Focus
- The company's core products include:
  - Beef and turkey meatballs with sauce
  - Meatloaf
  - Chicken products (grilled, roasted, breaded)
  - Sausage-related products
  - Pasta and rice entrees
- Strong emphasis on all-natural label claims approved by USDA, avoiding artificial flavors, colors, and preservatives.
- The products are mainly sold in the deli sections of supermarkets, including hot bars, salad bars, prepared meals, sandwich sections, and foods-to-go.
- Additional brands include Olive Branch, LLC (olives, olive mixes, savory products) and T&L Creative Salads (pre-packaged salads and related items).
- Recent acquisitions include a 76% interest in Chef Inspirational Foods, LLC (CIF), a developer and marketer of prepared foods.

## Company History & Growth
- Originally formed as Mascot Properties, Inc. in July 2009.
- Changed name to Mama's Creations, Inc. in July 2023, and began trading under the ticker "MAMA."
- Has grown through several acquisitions:
  - Joseph Epstein Food Enterprises, Inc. (2017)
  - T&L Creative Salads and Olive Branch (2021)
  - CIF (2022-2023)
- As of April 7, 2025, there are approximately 37.6 million shares of common stock outstanding.
- The company earned approximately $123.3 million in revenue for the fiscal year ended January 31, 2025.
- Net income for the same period was roughly $3.7 million.

## Employees & Customer Base
- Staff: 305 full-time employees as of January 31, 2025.
- Customer Concentration:
  - In FY2025, approximately 44% of revenue was from one major customer.
  - In FY2024, 26%, 11%, and 10% of revenue came from three main customers.
  - As of January 31, 2025, two customers owed about 38% and 16% of outstanding receivables.

## Financial Highlights (FY2025)
- Revenue: ~$123.3 million (up 19% from FY2024)
- Gross Profit: ~$30.5 million
- Operating Expenses: ~$25.7 million
- Net Income: ~$3.7 million
- Working Capital at January 31, 2025: ~$4.9 million
- Total assets: ~$47.1 million
- Total liabilities: ~$22.2 million

## Additional Details
- The company maintains multiple manufacturing facilities in East Rutherford, NJ, and Farmingdale, NY.
- It relies heavily on internal production (~95%) with domestically sourced raw materials.
- The company operates under strict federal regulations, including USDA and FDA compliance, with a focus on food safety, quality assurance, and environmental regulations.
- Has a strategic goal to become a "one-stop-shop" deli solutions provider with aspirations for significant organic and acquisitive growth, targeting $1 billion in sales in the future.

Mama's Creations, Inc. is a leading marketer and manufacturer of all-natural specialty prepared refrigerated foods, operating across the United States.

# Mama's Creations, Inc. Overview

## Company Profile
Mama's Creations, Inc. is a leading marketer and manufacturer of fresh deli-prepared foods. The company primarily specializes in all-natural specialty prepared refrigerated foods, catering to an extensive range of grocery, mass, club, and convenience stores across the United States. 

### Key Information
- **Founded:** July 22, 2009 (originally as Mascot Properties, Inc.)
- **Name Change:** MamaMancini’s Holdings, Inc. to Mama's Creations, Inc. on July 31, 2023
- **Ticker Symbol:** MAMA (on Nasdaq)

## Product Offerings
- The company has a broad product portfolio which includes:
  - Beef and turkey meatballs
  - Meatloaf
  - Chicken and sausage-related products
  - Pasta entrees
- The products are primarily sold in the deli section of supermarkets (deli-prepared foods, hot bars, salad bars, prepared foods, etc.) and the fresh meat section.
- Currently, the company offers over **50 product varieties**.

### Sales Channels
- **Distribution:** Products are sold to supermarkets, club chains, and mass-market retailers, including major grocery chains and food distributors.
- **Direct to Consumer:** Products are also sold on QVC, through live on-air offerings and their website.

## Financial Performance 
- **Revenue (Fiscal Year Ended January 31, 2024):** Approximately **$6.6 million**
- **Net Income:** For the fiscal year ending January 31, 2023, the company generated a net income of approximately **$2.3 million**. 
- **Net Accumulated Losses:** Approximately **$3.5 million** since inception.

### Capital Raised
- The company has raised approximately **$23.3 million** in capital since its inception.

## Workforce
- **Total Employees:** As of January 31, 2024, the company has **197 full-time employees** and **one part-time employee**.
- **Employee Relations:** There are currently no employees covered by collective bargaining agreements.

## Customer Base
- Mama's Creations operates with several key customers, where a limited number of them represent a significant portion of revenues:
  - For the fiscal year ended January 31, 2024, three customers accounted for approximately **26%, 11%, and 10%** of gross sales.

## Market Presence
- The company's products can be found in over **8,000 retail locations** nationwide, indicating a substantial market presence in the specialty prepared food industry. 

## Vision and Goals
Mama's Creations aims to establish itself as a one-stop-shop deli solutions platform, leveraging a diverse family of brands to address the evolving needs of modern consumers. The company also plans to pursue additional growth through product innovation, expanding distribution, and potential acquisitions.

Mama's Creations, Inc.

10-K / April 8, 2025

10-K / April 24, 2024

10-K / April 8, 2025

Summary of Mama's Creations, Inc.

Business Overview

Product Portfolio & Market Focus

Company History & Growth

Employees & Customer Base

Financial Highlights (FY2025)

Additional Details