Core Insights - Mama's Creations, Inc. will host a virtual investor day presentation on February 24, 2026, at 1:00 p.m. Eastern time to provide a corporate update and discuss future strategies [1][2][3] Company Overview - Mama's Creations, Inc. is a leading marketer and manufacturer of fresh deli prepared foods, available in over 12,000 grocery, mass, club, and convenience stores across the United States [5] - The company aims to become a one-stop-shop deli solutions platform, leveraging vertical integration and a diverse family of brands to meet modern consumer demands [5] Leadership and Strategy - The presentation will feature key executives, including the Chairman & CEO, CFO, CMO, CCO, and COO, who will outline strategic priorities and discuss the integration of Crown 1, expanded capacity, new retail placements, and capital allocation [2][4] - The company emphasizes its goal of sustained profitable growth and long-term shareholder value creation through its one-stop-shop strategy [4]

Core Insights - Immersion Investment Partners achieved a net return of 4.9% in Q4 2025, outperforming the Russell 2000 Index's return of 2.2% and the Russell Microcap Index's gain of 6.3% [1] - The yearly return for Immersion Investment Partners was 45.4%, significantly higher than the Russell 2000 Index's 12.8% and the Russell Microcap Index's 23.0% [1] - The firm expressed concerns about energy demands and unclear monetization paths in the context of massive investments in AI, indicating potential investment opportunities for companies with innovative business models [1] Company Focus: Mama's Creations, Inc. - Mama's Creations, Inc. (NASDAQ:MAMA) reported a stock price of $15.38 per share as of February 3, 2026, with a 22.06% return in the past month and a 97.69% increase over the past twelve months [2] - The company has a market capitalization of $625.248 million [2] - In Q3 fiscal results, Mama's Creations, Inc. achieved net sales growth of 50% to $47.3 million, exceeding consensus expectations of $43.2 million, driven by a recent acquisition and 18% organic sales growth [3] - The acquisition of Crown contributed $10 million in revenue during the quarter, with nearly 15 of the 18 percentage points of growth attributed to volume [3] - The integration of Crown has been described as seamless, with gross margins at 23.6% compared to a consensus of 21.9%, and EBITDA margins at 8% versus a consensus of 6.1% [3] - The company generated $3.8 million in adjusted EBITDA, up from $1.74 million a year ago, and $3.7 million in free cash flow compared to a $1.9 million outflow in the previous year [3]

Industry Overview - The Zacks Food-Miscellaneous industry is facing challenges due to cautious consumer spending and persistent cost pressures, impacting volume growth and pricing flexibility [1][4] - Companies in this industry manufacture and sell a variety of food products, including cereals, sauces, and organic items, primarily through wholesalers and retailers [3] Current Trends - Consumer behavior is shifting towards value-oriented purchasing, with increased demand for private-label and lower-priced alternatives, affecting branded food manufacturers [4] - Elevated costs in raw materials, labor, and logistics continue to pressure margins, despite some pricing actions providing partial relief [5] - Health-focused innovation and portfolio modernization are key growth drivers, as consumers show interest in functional and premium food products [2][6] Performance Metrics - The Zacks Food-Miscellaneous industry currently ranks 187, placing it in the bottom 23% of over 250 Zacks industries, indicating dull near-term prospects [7][8] - The industry has underperformed the S&P 500, declining 11.6% over the past year compared to the S&P 500's growth of 17.3% [10] - The industry is trading at a forward P/E of 15.02X, lower than the S&P 500's 23.24X and the sector's 17.27X [13] Company Highlights - **Mama's Creations**: This company benefits from strong demand for premium meal solutions, with a Zacks Consensus Estimate for EPS rising 18.2% to 13 cents, indicating 44.4% growth year-over-year [16][17] - **J&J Snack Foods**: With a diversified portfolio, this company has seen its EPS estimate rise by a penny to $4.46, suggesting 4.5% growth from the previous year [19][20] - **Sysco Corporation**: This global distributor is focusing on productivity and supply-chain optimization, with an EPS estimate increase of 0.7% to $4.59, indicating 2.9% year-over-year growth [23][24] - **Celsius Holdings**: This company has a strong multi-brand portfolio and has seen its EPS estimate rise by a penny to $1.49, suggesting 18.8% growth year-over-year [27][28]

Company Overview - Mama's Creations, Inc. (NASDAQ:MAMA) is a deli solutions company specializing in authentic Italian foods, including meatballs, sauces, and pasta, serving both retail and foodservice channels across the United States [3]. Financial Performance - In the third-quarter fiscal 2026 earnings call, Mama's Creations reported a 50% year-over-year increase in revenue to $47.3 million, driven by the acquisition of Crown One and strong growth in its legacy business [2]. - Gross profit rose 56.6% to $11.1 million, representing 23.6% of total revenue, compared to $7.1 million, or 22.6% of revenue, in the prior-year quarter, with margin expansion attributed to operational efficiency improvements and scale benefits [2]. Investment Outlook - Freedom Capital analyst Georgy Vashchenko initiated coverage of Mama's Creations with a Buy rating and a $16 price target, citing the company's broad national distribution and emphasis on product quality and innovation as key factors for its positioning in the convenient, fresh meal category [1]. - The expansion of Mama's Creations' branded footprint and upcoming product launches are expected to drive continued share gains as consumer preferences evolve [1].

Core Insights - U.S. stock markets have started 2026 positively, with all three major indexes in positive territory and a strong fourth-quarter 2025 earnings season projected [1] - The Federal Reserve is expected to maintain the current lending rate range in January [1] - A selection of stocks has shown significant price strength, particularly those on a recent bull run, indicating potential for continued momentum [1][2] Stock Performance Highlights - RF Industries Ltd. (RFIL) has seen a stock price increase of 79.6% over the past four weeks, with an expected earnings growth rate of 7.5% for the current year [7][6] - Betterware de México S.A.P.I. de C.V. (BWMX) experienced a 32.7% price jump in four weeks, supported by a 44.4% expected earnings growth rate [9][8] - Forum Energy Technologies Inc. (FET) has climbed 17.9% in stock price over the past four weeks, with an expected earnings growth rate exceeding 100% [11][10] - Krystal Biotech Inc. (KRYS) shares rose 10.5% in four weeks, with expected earnings growth of 31.6% for the current year [14][12] - Mama's Creations Inc. (MAMA) advanced 9.5% in stock price, with an expected earnings growth of 84.6% for the current year [16][15] Screening Parameters for Stock Selection - Stocks must show a percentage change in price greater than zero over the last four weeks, indicating upward movement [4] - A percentage change in price greater than 10% over the last 12 weeks is required to ensure sustained momentum [4] - Stocks must have a Zacks Rank of 1 (Strong Buy) and an average broker rating of 1, indicating strong future performance expectations [5] - Current stock prices must be above $5 and trading near their 52-week high, specifically more than 85% of the high-low range [6]

Financial Data and Key Metrics Changes - The company reported a significant increase in revenue capacity, currently estimated at $200 million, with potential to double revenue due to recent facility expansions [39] - Gross margin has improved from 11.9% to consistently in the mid- to high 20s%, with a peak of 30% before investments in trade [40] Business Line Data and Key Metrics Changes - The company has expanded its product offerings from under five items to approximately seven items per store, with aspirations to reach 27 items [16][19] - The company is now present in about 15,000 stores, up from 8,000, indicating significant growth in market penetration [16] Market Data and Key Metrics Changes - The deli category, where the company operates, has shown resilience with a growth rate of approximately 4% this year, despite broader economic challenges [8] - The company has successfully entered new retail partnerships, including Target and Food Lion, enhancing its market presence [36] Company Strategy and Development Direction - The company aims to create a one-stop shop in the deli category, which is valued at $60 billion and is highly fragmented, presenting consolidation opportunities [5] - The management team is focused on driving margin expansion and increasing product penetration in existing stores [7][20] Management's Comments on Operating Environment and Future Outlook - The management expressed optimism about the company's growth trajectory, projecting it to become a billion-dollar business, up from $40 million to $200 million in recent years [46] - The company is experiencing strong demand for its products as consumers shift towards home dining, benefiting from the current economic climate [9] Other Important Information - The company has successfully integrated recent acquisitions, enhancing operational capabilities and customer relationships [44][45] - The management emphasizes the importance of retailer partnerships and flexibility in product branding to drive sales [26][29] Q&A Session Summary Question: How is the Costco partnership performing? - The company reported strong sales performance with Costco, achieving $10 million in Q1 from a national buy, indicating positive traction [36] Question: What are the company's long-term growth targets? - The company aims for organic growth of 20% year over year, with plans to acquire an additional $500 million in revenue [46] Question: What is the expected EBITDA margin at scale? - The management anticipates reaching mid-teens EBITDA margins as the business scales [47]

Financial Data and Key Metrics Changes - The company reported a revenue capacity of approximately $200 million, with expectations to double this figure due to recent expansions and renovations of facilities [36] - Gross margin has improved significantly from 11.9% to consistently in the mid- to high 20s%, with a peak of 30% [37] Business Line Data and Key Metrics Changes - The company has expanded its presence from about 8,000 stores to approximately 15,000 stores, with an increase in the average number of items sold per store from under five to around seven [15][16] - The company has successfully entered new retail partnerships, including Target and Food Lion, and is now present in every Costco, BJ's, and half of Walmart locations [15][16] Market Data and Key Metrics Changes - The deli category, where the company operates, is valued at $60 billion and has shown growth, with the category growing 4% this year [4][8] - The company noted that the deli category is one of the most profitable parts of grocery stores, with margins often exceeding 50% for retailers [9][10] Company Strategy and Development Direction - The company aims to create a one-stop shop in the deli space, capitalizing on the fragmented market and focusing on expanding its product offerings [4] - The management team has been overhauled to include experienced professionals from leading companies, enhancing operational capabilities and strategic execution [6][7] Management's Comments on Operating Environment and Future Outlook - The management expressed optimism about the deli category's growth, noting that it is outperforming other retail segments amid economic challenges [8][9] - The company is targeting a billion-dollar revenue goal, with plans for organic growth and strategic acquisitions to reach this target [43] Other Important Information - The company has implemented significant operational improvements, including insourcing functions that have positive margin implications [39] - The management emphasized the importance of partnerships with retailers and the flexibility in product branding to drive sales [24][25] Q&A Session Summary Question: How is the Costco partnership performing? - The company reported strong performance in Costco, with sales increasing from $540,000 in the first year to $10 million last year, and achieving $10 million in Q1 this year alone [33] Question: What are the long-term growth targets? - The company aims for a billion-dollar business, with half of the growth expected to be organic and the other half through acquisitions, targeting $500 million in revenue from M&A [43] Question: What is the expected EBITDA margin at scale? - The management anticipates achieving mid-teens EBITDA margins once the company reaches scale [45]

Financial Data and Key Metrics Changes - The company reported a revenue capacity of approximately $200 million, with expectations to double this through recent facility expansions [38] - Gross margins have improved significantly from 11.9% to mid- to high 20s%, with a peak of 30% before investments in trade [39] Business Line Data and Key Metrics Changes - The company has expanded its presence from about 8,000 stores to an expected 15,000 stores, with an increase in the average number of items sold per store from under five to around seven [17][18] - The company is now in every Costco, BJ's, and half of Walmart locations, indicating strong penetration in club and mass retail channels [18] Market Data and Key Metrics Changes - The deli category, where the company operates, has shown resilience with a growth rate of approximately 4% this year, despite economic challenges [10] - The company noted that the prepared food section is one of the most profitable parts of grocery stores, driving incremental trips and larger baskets for retailers [11][12] Company Strategy and Development Direction - The company aims to create a one-stop shop in the deli category, which is valued at $60 billion and is highly fragmented [6] - The management team is focused on expanding product offerings and increasing shelf space in retail locations, with a goal of significantly increasing the number of items per store [20][21] Management's Comments on Operating Environment and Future Outlook - The CEO expressed optimism about the company's growth trajectory, projecting it to become a billion-dollar business, up from $40 million to $200 million currently [44] - The company is targeting a mid-teens EBITDA margin once it reaches scale, indicating confidence in future profitability [46] Other Important Information - The company has successfully integrated recent acquisitions, enhancing its operational capabilities and customer relationships [43] - The management team has been completely overhauled over the past three years, bringing in experienced professionals from leading companies [9] Q&A Session Summary Question: How is the Costco partnership performing? - The CEO reported that Costco sales have significantly increased, with $10 million in sales from a digital multi-vendor mailer in Q1, indicating strong traction [35] Question: What are the company's long-term growth targets? - The CEO mentioned that the company is growing at 20% year over year, with plans to achieve $500 million in revenue through acquisitions [45] Question: What is the strategy for M&A? - The focus is on acquiring capabilities within the deli space, with an emphasis on incremental customers and capacity [41]

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Mama's Creations, Inc. identified as a promising candidate due to its favorable growth metrics and strong Zacks Rank [2][12]. Earnings Growth - The historical EPS growth rate for Mama's Creations, Inc. is 9.3%, but projected EPS growth for this year is significantly higher at 44.4%, compared to the industry average of 4.2% [5]. Asset Utilization Ratio - Mama's Creations, Inc. has an asset utilization ratio of 2.57, indicating that the company generates $2.57 in sales for every dollar in assets, which is substantially higher than the industry average of 0.92 [7]. Sales Growth - The company's sales are expected to grow by 39.9% this year, far exceeding the industry average growth of 2.1% [8]. Earnings Estimate Revisions - The current-year earnings estimates for Mama's Creations, Inc. have been revised upward, with the Zacks Consensus Estimate increasing by 18.2% over the past month [10]. Overall Positioning - Mama's Creations, Inc. has achieved a Growth Score of A and holds a Zacks Rank 1, positioning it favorably for potential outperformance in the growth stock category [12].

Company Overview - Mama's Creations, Inc. is a leading national marketer and manufacturer of fresh deli prepared foods, available in over 12,000 grocery, mass, club, and convenience stores across the United States [4] - The company offers a broad product portfolio that includes high-quality, fresh, clean, and easy-to-prepare foods, aiming to meet the evolving demands of consumers and retailers [4] Conference Participation - Management has been invited to present at the 28th Annual ICR Conference from January 12-14, 2026, in Orlando, FL [1] - Chairman & CEO Adam Michaels will host a Fireside Chat with research analyst Brian Holland from D.A. Davidson and will hold one-on-one meetings with institutional investors during the event [2] Growth and Performance - The company is experiencing a pivotal inflection point in its growth trajectory, highlighted by strong third-quarter performance with healthy double-digit organic growth and 14 consecutive quarters of market share growth [3] - The successful completion of the Crown I acquisition has enhanced the scalability of Mama's Creations as a platform company, with expanded capacity and improved operating leverage [3] - New tier-1 clients such as Target and Food Lion are contributing to the company's focus on executing against a generational opportunity supported by robust macro-tailwinds [3]