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Mama's Creations hires new Chief Commercial Officer

Published 10/29/2024, 09:47 AM
MAMA
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EAST RUTHERFORD, NJ - Mama’s Creations, Inc. (NASDAQ: MAMA), a prominent national marketer and manufacturer of fresh deli prepared foods, announced today the appointment of Chris Darling as Chief Commercial Officer. Darling, a seasoned executive with over two decades of leadership experience in the retail and consumer packaged goods (CPG) industries, joins Mama’s Creations to enhance its commercial operations.

Darling's career spans various executive roles at leading retailers and companies, including Boar's Head, where he led national sales efforts. His expertise encompasses store development, operations, marketing, and the development of both private label and branded products, specifically focusing on prepared foods.

Adam L. Michaels, Chairman and CEO of Mama’s Creations, commended Darling’s track record and his ability to foster growth and build national brands, particularly in the prepared meal solutions sector. Michaels expressed confidence that Darling’s addition completes the build-out of their senior management team, positioning the company to capitalize on its growth potential and strengthen its presence in the prepared foods market.

In his statement, Darling expressed enthusiasm about joining the company during a pivotal phase of growth. He emphasized his commitment to aligning the commercial strategy with business objectives across various domains, including marketing, sales, product development, and customer service. He also highlighted the potential for Mama’s Creations to expand market share in the prepared food sector.

Mama’s Creations, with a diverse family of brands, aims to be a one-stop-shop deli solutions platform. The company is present in over 8,000 grocery and convenience stores nationwide and is known for its high-quality, fresh, and easy-to-prepare food products.

This announcement is based on a press release statement and includes forward-looking statements regarding the company's future growth and value creation for shareholders. These statements are subject to risks and uncertainties that could affect the company's actual results.

The appointment of Chris Darling marks an important step for Mama’s Creations as it seeks to navigate the expanding prepared food space and meet evolving consumer preferences for fresh, ready-to-eat meal options.

In other recent news, Mama's Creations reported a 14% revenue growth in its second quarter, reaching $28.4 million. The company attributed this growth to strategic improvements and a shift in consumer preferences. Despite a decline in gross margins to 24.2% due to commodity costs and construction impacts, the company remains optimistic about its long-term growth strategies, including mergers and acquisitions.

The company has also successfully launched new products and secured partnerships with Costco (NASDAQ:COST) and Walmart (NYSE:WMT). However, adjusted EBITDA for the quarter saw a slight decrease from the previous year, standing at $2.7 million. Despite these challenges, Mama's Creations is focusing on strategic capital expenditures to improve automation and combat inflationary pressures.

With a clear vision for expansion and a commitment to maintaining a strong balance sheet, Mama's Creations is positioning itself as a national deli solutions provider. The company's CEO, Adam L. Michaels, emphasized the company's focus on internal enhancements and the upcoming facility expansions. These are among the recent developments at Mama's Creations.

InvestingPro Insights

The appointment of Chris Darling as Chief Commercial Officer comes at a time when Mama's Creations (NASDAQ: MAMA) is experiencing significant growth and market expansion. According to InvestingPro data, the company has shown impressive financial performance, with a revenue growth of 17.81% over the last twelve months as of Q2 2025, reaching $113.59 million. This growth trajectory aligns well with the company's strategy to strengthen its commercial operations and expand market share in the prepared foods sector.

InvestingPro Tips highlight that Mama's Creations has been highly profitable, with a strong return over the last year. The company's stock has seen a substantial price uptick of 30.9% over the last six months, reflecting investor confidence in its growth strategy. Additionally, the company operates with a moderate level of debt, which provides financial flexibility as it pursues expansion plans under new leadership.

It's worth noting that Mama's Creations is trading at a high earnings multiple, with a P/E ratio of 56.01. This valuation suggests that investors have high expectations for future growth, which the new Chief Commercial Officer will be tasked with delivering.

For investors seeking a more comprehensive analysis, InvestingPro offers 11 additional tips for Mama's Creations, providing deeper insights into the company's financial health and market position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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