Armanino Foods of Distinction, Inc. (OTCQX: AMNF), a well-established international food company, has announced the filing of its OTCQX 2024 Annual Financial Disclosure. This comprehensive report is available to the public on the OTC Markets website under the ticker symbol AMNF. The disclosure provides insights into the company’s financial performance and operations during the past year, offering shareholders and investors a detailed look into the business’s performance and future projections.
Armanino Foods is renowned for its diverse range of frozen Italian specialty food products, catering to the foodservice, retail, and industrial markets globally. The company’s product offerings include a variety of signature pesto sauces and an array of other flavorful sauces. Among the most popular items is their classic Basil Pesto, which has become a staple for many food lovers. In addition to the traditional basil flavor, Armanino Foods also provides unique variations such as Cilantro, Dried Tomato & Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic, and Chimichurri. These diverse flavors meet the needs of a broad customer base, allowing for versatility and creativity in meal preparation.
Other key products in Armanino’s lineup include specialty sauces like Harissa, Bolognese, and Alfredo, which have also gained popularity among food enthusiasts. For those seeking organic options, Armanino Foods offers an organic line that includes their signature classic Basil Pesto, catering to the growing demand for clean, organic food products. In addition to sauces, the company also offers other Italian-inspired products such as cheese shakers, frozen pastas, and meatballs, which complement their range of sauces and provide consumers with a complete meal solution.
In terms of its market presence, Armanino Foods continues to expand its reach through strategic distribution channels, including foodservice providers, retail outlets, and industrial suppliers. The company’s ability to maintain a diverse product portfolio has helped it establish a strong position in both domestic and international markets, serving both individual consumers and larger commercial clients.
As a publicly traded company on the OTCQX, Armanino Foods has committed to maintaining transparency and keeping its investors informed about the company’s financial health. The OTCQX 2024 Annual Financial Disclosure is an important document that outlines the company’s performance metrics, including revenue, profit margins, and key expenses. This disclosure also reflects the company’s strategic initiatives and any significant developments during the reporting period, providing valuable insights for investors looking to gauge the company’s growth trajectory.
Cautionary Statements Regarding Forward-Looking Information
As part of the company’s commitment to transparency, Armanino Foods has included cautionary statements in the disclosure regarding forward-looking information. These statements reflect the company’s expectations, beliefs, and projections about its future financial performance and market conditions. In line with the guidelines set forth by the Private Securities Litigation Reform Act of 1995, forward-looking statements are based on current data and assumptions, and they often include terms such as “believe,” “expect,” “anticipate,” “intend,” and “plan,” as well as future verbs like “will,” “would,” “should,” “could,” or “may.”
These forward-looking statements, while useful in providing insight into the company’s projections, are subject to various risks and uncertainties. Therefore, actual future results could vary significantly from those projected in the statements. Armanino Foods has highlighted several factors that could impact its future performance, including economic conditions that could influence consumer confidence and spending behavior, particularly regarding food consumed away from home. In addition, the lingering effects of the COVID-19 pandemic could continue to affect the company’s operations and market conditions, as businesses in the food industry have faced disruptions due to changes in consumer habits and government regulations.
The company also faces risks related to cost fluctuations, including inflation and commodity volatility, which can impact the prices of raw materials and ultimately affect product pricing. The competitive nature of the food industry is another challenge, with Armanino Foods needing to continuously innovate and differentiate its products to remain competitive in the marketplace. Moreover, the company’s reliance on third-party suppliers introduces potential risks related to supply chain interruptions, which could lead to product shortages or increased costs.
Armanino Foods has emphasized the importance of its relationships with customers, including group purchasing organizations, as these partnerships are essential for securing ongoing demand for its products. Additionally, the company is focused on maintaining or increasing the profitability of its higher-margin product lines, which will require effective cost management and operational efficiency.
Despite these challenges, Armanino Foods is confident in its ability to navigate the market dynamics and achieve its strategic goals. The company has implemented cost-saving initiatives aimed at improving profitability and reducing operational expenses, and it remains committed to optimizing its product offerings to align with shifting consumer preferences. This includes adjusting its pricing structures and responding to the evolving trends in consumer eating habits, which are increasingly influenced by health and sustainability concerns.
Another potential risk factor includes changes in government regulations, particularly those aimed at mitigating the ongoing effects of the COVID-19 pandemic and addressing public health concerns. The company is also mindful of potential product recalls or liability claims, which could negatively affect its reputation and financial performance. As with all food companies, maintaining a strong reputation for quality and safety is critical to ensuring continued customer trust and loyalty.
In light of these risks, Armanino Foods has provided a clear disclaimer stating that forward-looking statements are based on information available at the time of the release and are subject to change as new data becomes available. The company also affirms that it has no obligation to update or revise these statements unless required by law.
