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Microcap & Penny Stocks : AMNF (Armanino Foods of Distinction) -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (132)	4/24/2023 8:33:25 AM
From: robert b furman	1 Recommendation Recommended By E_K_S Read Replies (1) \| Respond to of 266

Good Earnings are out: Armanino Foods of Distinction, Inc. Reports Highest Ever Quarterly Net Sales, and the Highest First Quarter ProfitsPress Release \| 04/24/2023 Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) reported its highest quarterly sales and the highest first quarter profits ever for the first quarter ending March 31, 2023. Armanino continued its streak of being profitable on a year-to-date basis for the 79th quarter in a row. Net sales for the first quarter of 2023 were $16,351,867 compared to $12,430,753 for the same period last year, an increase of 32%. Income before taxes for Q1 2023 was $2,575,535 compared to $1,921,247 for the same quarter in 2022, an increase of 34%. Net income for this period was $1,916,198 (or $.0598 per share), compared to $1,452,463 (or $.0453 per share) for the same quarter a year ago, an increase of 32%. Tim Anderson, President and CEO of Armanino Foods, stated, “Our first quarter results significantly outpaced the prior year and is the seventh consecutive quarter of record net sales and pretax income, significantly outpacing industry trends. Our sustained efforts to strategically broaden our portfolio of products through various channels are responsible for driving strong growth for the Company. In addition, we continue to lower our cost structure across multiple areas of our business including COGS and promotional expenses driven by lower commodity costs and improved manufacturing and process efficiencies including those associated with our ongoing capital improvement projects.” Anderson continued, “While we are pleased with the current trending of our financial and operational performance, we also remain somewhat guarded due to the uncertainty of the impact of sustained economic pressures that could negatively impact our future results. As a result, we seek to realize greater cost efficiencies as we enter the final stage of our capital projects.”