BranchOut Food reports Q1 EPS (26c) vs. (26c) last year

Reports Q1 revenue $1.47M vs. $97,000 last year. Eric Healy, CEO of BranchOut Food, commented, “This quarter’s exceptional performance confirms the strong momentum of our growth strategy. We now have contracts totaling about $8 million in annualized revenue that will continue to layer on throughout the year. Additionally, we have commitments for approximately $1.1 million in rotation orders from the nation’s largest warehouse club retailer expected in Q3 and Q4. Furthermore, demonstrating our commitment to innovation and meeting the needs of our growing customer base, BranchOut Food has expanded its product range with the launch of salad toppers and kids’ snack packs, broadening our offerings beyond traditional snacking categories. “The gross margin of 19% this quarter marks a tremendous improvement from past performances, largely due to strategic adjustments in our cost management and enhanced supply chain consistency and management. This is expected to increase to 40-50% with our new production facility in Peru. This strategic move into a region abundant with low cost fruits and vegetables enhances our control over production and significantly boosts operational efficiency. Looking ahead, the Company anticipates growing momentum in the overall business and remains focused on achieving profitability while executing on additional value-enhancing strategic initiatives.”