earnings
confidence high
sentiment positive
materiality 0.80
Mama's Creations Q3 revenue up 50% to $47.3M; acquired Crown 1 for $17.5M
Mama's Creations, Inc.
2026-Q3 EPS reported
$0.08
revenue$117,727,000
- Revenue $47.3M (+50% YoY); net income $0.5M ($0.01 diluted EPS); Adj. EBITDA $3.8M (+118%).
- Acquired Crown 1 from Sysco for $17.5M cash; adds ~$57M revenue, 42k sq ft USDA facility near Farmingdale, NY.
- Secured new tier-one placements: Target (1,995 stores, Feb shipments) and Food Lion (1,100 stores starting Dec).
- Cash $18.1M; total debt $6.4M; private placement raised $20M to fund acquisition.
- Management expects to lift corporate gross margins from low-20% to mid-20% over next year via procurement and efficiencies.