Overview
U.S. deli prepared foods maker's fiscal Q4 revenue grew 61%, beating analyst expectations
Adjusted EBITDA for fiscal Q4 rose 77% and beat analyst estimates
Quarter benefited from item expansion, new retail placements, and Crown 1 facility integration
Outlook
Company expects continued organic growth and expanding retail distribution in coming periods
Mama's Creations says Bay Shore facility's gross margin is on track toward mid-to-high-20% target
Company sees product innovation and new retail placements as key drivers for future growth
Result Drivers
CROWN 1 INTEGRATION - Integration of Bay Shore facility from Crown 1 Enterprises contributed to revenue growth and opened cross-selling opportunities
RETAIL EXPANSION - New and expanded placements at major retailers including Walmart, Food Lion, Target, and Costco drove sales growth
ITEM EXPANSION & PROMOTIONS - Item expansion at existing customers and high-ROI promotional activities accelerated sales
Company press release: ID:nGNX533KYY
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$54 mln
$52.62 mln (6 Analysts)
Q4 EPS
$0.05
Q4 Net Income
$2.2 mln
Q4 Adjusted EBITDA
Beat
$5.5 mln
$4.19 mln (6 Analysts)
Q4 Gross Profit
$14 mln
Q4 Operating Expenses
$10.9 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $21.00, about 32.3% above its April 13 closing price of $15.87
The stock recently traded at 61 times the next 12-month earnings vs. a P/E of 62 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)