AMNF posts strong Q3 sales and earnings growth, driven by margin gains and operational efficiencies despite broader market softness.
Armanino Foods dominates a small frozen Italian foods niche in the Western U.S., compounding revenue, earnings, and cash flow steadily for over a decade. The business is protected by its high-quality food brand and low-cost structure. Strong consistent cash flows are growing by expanding sales channels and capacity while significantly improving gross margins. The small market cap company has zero debt, strong cash reserves, and prioritizes dividends and buybacks—returning nearly half of owner earnings to investors.
Upgrading Armanino Foods of Distinction, Inc. to 'Buy' on robust top-line growth, margin expansion, and sector-beating profitability. AMNF delivered 14.2% sales growth and 27.5% GAAP profit growth in Q2, with EPS outpacing GAAP profit due to share buybacks. Despite recent share price gains, AMNF trades at a discount to the sector median P/E, with a 23.3% GAAP profit margin and 154% adjusted ROC.
| Food Products Industry | Consumer Staples Sector | Ms. Deanna Jurgens CEO | OTC PINK Exchange | 042166801 CUSIP |
| US Country | 34 Employees | 8 Jan 2025 Last Dividend | 1 Apr 2008 Last Split | - IPO Date |
Founded in 1978 and headquartered in Hayward, California, Armanino Foods of Distinction, Inc. is a renowned producer and marketer of frozen food products within the United States. The company takes pride in offering a wide range of high-quality gourmet food products, focusing specifically on frozen items that cater to both retail and foodservice sectors. Through a strategic network of food brokers, Armanino distributes its products to a variety of clients including retail and foodservice distributors, club-type stores, and industrial accounts, all under the esteemed Armanino brand.
Armanino Foods of Distinction, Inc. has developed a comprehensive portfolio of frozen food products, which are detailed as follows: