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MAMA — Mama's Creations News Story

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Deli foods maker Mama's Creations Q3 revenue beats estimates aided by Crown 1 acquisition

Overview

Mama's Creations Q3 revenue grows 50% yr/yr, beating analyst expectations

Adjusted EBITDA for Q3 beats estimates, reflecting operational improvements

Company acquired Crown 1, enhancing operational capabilities and market reach

Outlook

Company anticipates significant growth from new retail placements at Target and Food Lion

Mama's Creations aims to become a $1 billion deli prepared foods company

Result Drivers

CROWN 1 ACQUISITION - Integration of Crown 1 contributed to revenue growth and expanded operational capabilities

OPERATIONAL IMPROVEMENTS - Efficiency improvements and price increases helped offset commodity headwinds

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$47.30 mln$43.20 mln (5 Analysts)
Q3 EPS$0.01
Q3 Net Income$500,000
Q3 Adjusted EBITDABeat$3.80 mln$2.65 mln (4 Analysts)
Q3 Gross Profit$11.10 mln
Q3 Operating Expenses$10.30 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the food processing peer group is "buy" Wall Street's median 12-month price target for Mama's Creations Inc is $15.00, about 30.8% above its December 5 closing price of $11.47 The stock recently traded at 56 times the next 12-month earnings vs. a P/E of 36 three months ago Press Release: ID:nGNX8dF32Q For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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