November 11, 2015 | Marley Coffee Press Release
TAGS: vending, coffee service, Jammin Java Corp., Jammin Java third quarter, Marley Coffee, RealCup single-cup coffee |
PRESS RELEASE
Source: Marley Coffee | Released Nov. 11, 2015Growth anchored by 35% national ACV/ ~11,000+ grocery retail storesDENVER -- Nov. 11, 2015 --Jammin Java Corp. (d/b/a Marley Coffee), the sustainably grown, ethically farmed and artisan-roasted gourmet coffee company, reported a summary of its unaudited anticipated financial results for the three months ended Oct. 31, 2015 and its plans for the remainder of the current fiscal year.
We believe we are in a great place in terms of positioning the company for continued growth. According to syndicated data, our ACV has grown to 35% nationally, which represents some 11,000 U.S. grocery stores where our products are sold. With this widespread footprint, the objective for the rest of this year and into 2016 is to continue expanding by adding more SKUs to our existing accounts, increasing consumer pull through and developing new channels.
Our recyclable EcoCup capsules started shipping at the very end of July and we have almost cycled through most of the old packaging at retail. This has taken a little bit longer than we anticipated, but based on the positive feedback from retailers and customers as well as some preliminary sales information, EcoCup has had a very positive impact on the business. We've even been nominated by the Nexty Awards and Beverage Awards for our innovation and packaging. Our preliminary data has shown that EcoCup by themselves have helped with incremental growth in accounts like Market Basket and Kroger.
We've got lots of planned marketing activities for EcoCup in Q4, specifically at store level with shopper marketing programs such as aisle tags, larger signage coupled with an array of digital marketing campaigns.
Click here to see the full report of Marley Coffee's preliminary anticipated financial highlights for the fiscal second quarter, three months ended Oct. 31.
Click here to access Marley Coffee's investor relations' new releases.