MamaMancini's falls on Q3 loss as freight, ingredient costs soar

Mama's Creations

14/12/2021 22:19

** Shares in frozen foods distributor  MMMB.O  fall 10.1% to
$1.79 in extended trading
    ** MamaMancini's posts a Q3 loss, hit by higher freight and
protein commodity costs, compared with a profit a year earlier
    ** "We are implementing significant price increases and
expect to see margin improvement by year-end" - CEO Carl Wolf
    ** MMMB forecasts Q4 sales between $11.5 mln and $12.5 mln,
vs $9.4 mln in the year-ago quarter
    ** Shares have gained 11% this year, as of Tuesday's close

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))