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| This has been a record quarter for supermarket reorder volume. The recent surge of supermarket reorders necessitated this production run. |
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 Hot Stock to Watch |
Company: Nightfood, Inc. (OTCQB: NGTF)
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Last:
Price: 0.245
Change (%): - 0.015 (5.77)
Volume: 84,484 |
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Nightfood Q1 Supermarket Sales Highest in Company History -- New Production Run Scheduled for Week of March 23rd
Tarrytown, NY, March 09, 2020 (GLOBE NEWSWIRE) - via NEWMEDIAWIRE - Nightfood, Inc. (OTCQB: NGTF), the better-for-you ice cream recently recommended as the Official Ice Cream of the American Pregnancy Association (APA), announced today that a sharp increase in recent supermarket reorder velocity has reduced inventory of certain flavors to replenishment levels.
For the week ending Friday, March 6th, the Company received orders for twelve pallets of product, almost all of it to refill existing retail partners. Each pallet contains approximately 2,000 pints of Nightfood ice cream.
This has been a record quarter for supermarket reorder volume. In addition, a significant amount of product has been shipped to distributors and wholesalers for new supermarket chains adding Nightfood this month.
“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,” commented Nightfood CEO Sean Folkson. “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.
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