Overview
Mama's Creations Q2 revenue grows 24% yr/yr, beating analysts' expectations
Adjusted EBITDA increases 18% yr/yr, beats estimates
Co acquires Crown 1 Enterprises, adding $56 mln in annual sales
Outlook
Company expects $56 mln revenue from Crown 1 acquisition by June 2025
Company targets $1 bln revenue run rate by 2030
Company plans cost synergies from Crown 1 acquisition by next fiscal year
Company to focus on rapid integration of Crown 1 acquisition
Result Drivers
VOLUME GAINS - Revenue growth driven by cross-selling new items and expanding customer doors
EFFICIENCY IMPROVEMENTS - Operational efficiency improvements contributed to increased gross profit despite chicken commodity headwinds
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$35.20 mln
$33.60 mln (4 Analysts)
Q2 EPS
$0.03
Q2 Net Income
$1.30 mln
Q2 Adjusted EBITDA
Beat
$3.30 mln
$2.46 mln (3 Analysts)
Q2 Gross Profit
$8.80 mln
Q2 Operating Expenses
$7.10 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $11.00, about 14.2% above its September 5 closing price of $9.44
The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 43 three months ago
Press Release: ID:nGNX8Jysby
(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.)