NetworkNewsBreaks – Nightfood Holdings Inc. (NGT
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Posted On: 03/09/2020 3:51:17 PM
NetworkNewsBreaks – Nightfood Holdings Inc. (NGTF) Announces Sharp Increase in Recent Supermarket Reorder Velocity
Nightfood Holdings (OTCQB: NGTF), the better-for-you ice cream recommended as the Official Ice Cream of the American Pregnancy Association (“APA”), today announced a sharp increase in recent supermarket reorder velocity that has reduced inventory of certain flavors to replenishment levels. For the week ending Friday, March 6, the company received orders for twelve pallets of product (each containing approximately 2,000 pints of Nightfood ice cream), almost all of it to refill existing retail partners. “We’re pleased to see same-store sales velocity increase sharply, and expect it to continue as awareness begins to grow within the pregnancy community,” Nightfood CEO Sean Folkson said in the news release. “On one hand, regular production runs will become business as usual. At the same time, we wanted to provide information about this specific production run to investors because we reported substantial inventory levels just a few weeks ago. We are now running low on certain flavors. The recent surge of supermarket reorders necessitated this production run, which will consist of Full Moon Vanilla, and Cookies n’ Dreams, which has clearly emerged our top selling flavor for now.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Nightfood Holdings (OTCQB: NGTF), the better-for-you ice cream recommended as the Official Ice Cream of the American Pregnancy Association (“APA”), today announced a sharp increase in recent supermarket reorder velocity that has reduced inventory of certain flavors to replenishment levels. For the week ending Friday, March 6, the company received orders for twelve pallets of product (each containing approximately 2,000 pints of Nightfood ice cream), almost all of it to refill existing retail partners. “We’re pleased to see same-store sales velocity increase sharply, and expect it to continue as awareness begins to grow within the pregnancy community,” Nightfood CEO Sean Folkson said in the news release. “On one hand, regular production runs will become business as usual. At the same time, we wanted to provide information about this specific production run to investors because we reported substantial inventory levels just a few weeks ago. We are now running low on certain flavors. The recent surge of supermarket reorders necessitated this production run, which will consist of Full Moon Vanilla, and Cookies n’ Dreams, which has clearly emerged our top selling flavor for now.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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