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MAMA — Mama's Creations News Story

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Deli prepared foods maker Mama's Creations beats Q2 revenue estimates

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

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$35.20 mln$33.60 mln (4 Analysts)
Q2 EPS$0.03
Q2 Net Income$1.30 mln
Q2 Adjusted EBITDABeat$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.)

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