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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $47.30 mln | $43.20 mln (5 Analysts) |
Q3 EPS | $0.01 | ||
Q3 Net Income | $500,000 | ||
Q3 Adjusted EBITDA | Beat | $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
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(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.)