earnings
confidence high
sentiment positive
materiality 0.85
MAMA Q2 revenue $35.2M (+24% YoY); acquires Crown 1 assets for $17.5M
Mama's Creations, Inc.
2026-Q2 EPS reported
$0.06
revenue$70,458,000
- Revenue $35.2M, +24% YoY; net income $1.3M, diluted EPS $0.03; gross margin 24.9% vs 24.2%.
- Acquired Crown 1 from Sysco for $17.5M all-cash; adds ~$56M annual revenue and a 42k sq ft USDA facility.
- Adj. EBITDA $3.3M, +18% YoY; cash $9.4M, total debt $2.7M (down from $6.8M a year ago).
- Pro forma revenue run-rate ~$200M; acquisition funded via $20M private placement and M&T Bank credit facility.
- Targeting Crown 1 gross margin toward Mama's levels within 12-18 months; meaningful cross-sell and cost synergies expected.
item 2.02item 9.01