Mama's Creations, Inc.
11.19+0.13 (+1.18%)
Oct 29, 4:00:01 PM EDT · NasdaqCM · MAMA · USD
Key Stats
Market Cap
453.18MP/E (TTM)
101.73Basic EPS (TTM)
0.11Dividend Yield
0%Recent Filings
8-K
Q2 Growth and Acquisition Boost
Mama's Creations reported Q2 fiscal 2026 revenue of $35.2 million, up 24% year-over-year, with gross profit rising 28% to $8.8 million and net income edging up 11% to $1.3 million, fueled by volume gains and efficiency tweaks amid chicken price pressures. The company acquired Crown 1 Enterprises' assets from Sysco for $17.5 million all-cash, adding $56 million in annual revenue and a nearby USDA facility to boost customer reach and synergies. Integration eyes cost savings by next year. Pro forma revenue nears $200 million.
10-Q
Q2 FY2026 results
Mama's Creations posted solid Q2 FY2026 results, with net sales climbing 24% year-over-year to $35.2M, fueled by volume gains from trade promotions and new products, while gross margin edged up to 25% on labor efficiencies offsetting chicken price hikes. Operating income rose 5% to $1.7M, though diluted EPS held steady at $0.03 amid higher SG&A from executive hires and marketing; YTD, sales grew 21% to $70.5M and net income doubled to $2.5M, with EPS at $0.06 on 39.7M diluted shares. Cash swelled to $9.4M after $4.3M operating cash flow minus $1.1M capex, yielding $3.3M free cash flow (derived), while total debt dipped to $2.0M term loan with no revolver draws. Post-quarter, it snapped up Crown I assets for $17.5M cash in September 2025, backed by $19M debt draw and $20M equity raise, adding production muscle and customer reach. Yet customer concentration—53% from one buyer—amps up reliance risks.
8-K
Mama's acquires Crown I for $17.5M
Mama's Creations completed its $17.5 million cash acquisition of Crown I Enterprises' assets from Sysco on September 2, 2025, adding a profitable $56 million revenue stream from value-added proteins and ready-to-eat meals at premium retailers. Funded by a $19 million draw on a new $20 million M&T Bank acquisition line and a $20 million private placement of 2,666,667 shares at $7.50 each, closing September 3, the deal expands production capacity in a nearby New York facility while targeting cross-selling synergies. Yet integration risks loom if cultural fits falter. This bolsters Mama's deli platform.
8-K
Annual meeting results
Mama's Creations held its annual stockholder meeting on July 3, 2025, electing Lynn L. Blake, Meghan Henson, Dean Janeway, Adam L. Michaels, and Shirley Romig to its board for one-year terms, with strong support averaging over 25 million 'for' votes amid some withholdings. Stockholders ratified UHY LLP as auditors for the fiscal year ending January 31, 2026, by a landslide 31.8 million to 60,196 against. Advisory approval of executive compensation passed with 25.5 million in favor, signaling alignment on governance. Continuity intact.
10-Q
Q1 FY2026 results
Mama's Creations posted solid Q1 FY2026 results, with net sales climbing 18% year-over-year to $35.3 million, fueled by volume gains from new products and trade promotions across Northeast, Southeast, Midwest, and West regions. Gross profit hit $9.2 million, up 23% y/y, lifting the margin to 26.0% from 25.0% thanks to labor efficiencies and better overhead absorption, while operating income rose to $1.6 million from $0.8 million. Diluted EPS held steady at $0.03, matching the prior year with no anti-dilution effects noted. Cash swelled to $12.0 million on $6.0 million operating cash flow, minus $0.5 million capex for $5.5 million free cash flow (derived), against $2.4 million term debt maturing 2027 and a $5.5 million undrawn revolver. Sales rely heavily on two customers at 63% of revenue. Yet competition sharpens in the deli foods arena.
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