'We are immensely proud of the remarkable growth and market acceptance of Winona Pure Popcorn Spray. The goal was to bring the movie-theater popcorn experience to homes, and this success story clearly demonstrates our commitment and capability to innovate and change consumer behavior for the better. Our ability to organically expand our retail and online distribution without relying on large marketing spend speaks volumes about the intrinsic capability to invent and commercialize products that change behavior and bring our customers an incredible sensory experience,' said
Deeper Dive:
National Expansion at
Successful Launch with Meijer and
Organic Growth with De Minimis Marketing Spend: A remarkable aspect of the growth trajectory of Winona Pure is its organic expansion without dedicated marketing expenditure. This growth is driven by the product's innate must-have appeal, high consumer satisfaction, and strong repeat purchase rates. The brand's ability to resonate with consumers purely based on its quality, innovation and overall sensory experience is a testament to
Continued Revenue Growth: For the second consecutive year, Winona Pure is on track to more than double its revenue compared to the previous year. This sustained, significant growth underscores the brand's escalating popularity and solid position in the market as a must-have product for popcorn enthusiasts.
About
Forward-Looking Statements
Any statements in this press release about the Company's future expectations, plans and prospects, including statements about our financing strategy, future operations, future financial position and results, market growth, new product launches and product growth, total revenue, as well as other statements containing the words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'might,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' or 'would' and similar expressions, constitute forward-looking statements within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. The Company may not achieve the plans, intentions or expectations disclosed in the Company's forward-looking statements, and you should not place undue reliance on the Company's forward-looking statements. All forward-looking statements are subject to assumptions, risks and uncertainties that may change at any time. Therefore, readers are cautioned that actual results could differ materially from those expressed in forward-looking statements. The Company undertakes no obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as expressly required by law. This cautionary statement entirely qualifies all forward-looking statements in this document.
Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements the Company make as a result of a variety of risks and uncertainties, including risks related to the Company's estimates regarding the potential market opportunity for the Company's current and future products and services, the impact of the COVID-19 pandemic, the competitive nature of the industries in which we conduct our business, general business and economic conditions, our ability to acquire suitable businesses, our ability to successfully launch new products and seize market share, the Company's expectations regarding the Company's sales, expenses, gross margins and other results of operations, and the other risks and uncertainties described in the 'Risk Factors' sections of the Company's public filings with the
In addition, the forward-looking statements included in this press release represent the Company's views as of the date hereof. The Company anticipates that subsequent events and developments may cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date after the date hereof.
Contacts
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