Overview
Innovative Food Holdings Q3 revenue grows 3.5% yr/yr, driven by acquisitions
GAAP net income from continuing operations declines compared to Q3 2024
Outlook
Company did not provide specific financial guidance for future periods in press release
Result Drivers
ACQUISITIONS DRIVE REVENUE - Revenue growth in Q3 was primarily driven by contributions from Golden Organics and LoCo Foods acquisitions
DIGITAL CHANNELS DECLINE - Revenue from Digital Channels declined by 4.5% in Q3, attributed to softness with the largest digital partner, though newer partnerships showed growth
LOCAL DISTRIBUTION GROWTH - Local Distribution increased by 33% in Q3, driven by acquisitions, but declined by 21.5% excluding acquisitions
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $16.40 mln | ||
Q3 Gross Margin | 23.50% |
Press Release: ID:nGNX4yGpK9
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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.)