Core Viewpoint - Mama's Creations, Inc. reported quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.04 per share, representing a 75% earnings surprise [1] - The company posted revenues of $31.52 million for the quarter ended October 2024, exceeding the Zacks Consensus Estimate by 3.69% and showing an increase from $28.65 million year-over-year [2] Group 1: Earnings Performance - The earnings for the same quarter last year were $0.05 per share, indicating a decline in earnings year-over-year [1] - Over the last four quarters, the company has surpassed consensus EPS estimates two times [2] - The current consensus EPS estimate for the upcoming quarter is $0.06, with revenues expected to be $32.1 million [7] Group 2: Revenue Performance - Mama's Creations, Inc. has topped consensus revenue estimates four times over the last four quarters [2] - The company has shown significant revenue growth compared to the previous year, with a revenue increase from $28.65 million to $31.52 million [2] Group 3: Stock Performance and Outlook - Shares of Mama's Creations, Inc. have increased by approximately 92.9% since the beginning of the year, outperforming the S&P 500's gain of 26.9% [3] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [6] - The outlook for the industry, specifically the Food - Miscellaneous sector, is favorable, ranking in the top 33% of over 250 Zacks industries [8]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 increased by 10% to $31.5 million compared to $28.7 million in the same quarter last year, driven by successful pricing actions and volume gains [44] - Gross profit totaled $7.1 million, representing 22.6% of total revenues, down from $8.6 million or 30.1% in the same year-ago quarter, primarily due to commodity cost increases and construction-related impacts [45][46] - Net income for Q3 2025 was $0.4 million or $0.01 per diluted share, down from $2 million or $0.05 per diluted share in the same year-ago quarter [48] - Adjusted EBITDA for Q3 2025 was $1.7 million, compared to $3.5 million in the same year-ago quarter [48] Business Line Data and Key Metrics Changes - Prepared Foods have become the most important perimeter category for retailers and wholesalers, with 66% of retailers planning to increase their assortment of Prepared Foods [11] - The company is consistently growing its market share in the deli prepared meals segment, which is growing at more than 5%, while Mama's Creations is growing around three times that rate [10] Market Data and Key Metrics Changes - The company has seen significant growth in the West region, with over 47% of sales now occurring west of the Ohio River [26] - The Northeast region experienced a decline of 12.6%, attributed to a focus on pulling back unprofitable sales from a legacy business [88][96] Company Strategy and Development Direction - The company aims to emerge as a leading One Stop Shop Deli Solution on a national scale, focusing on capturing generational changes in consumer preferences [9] - A strategic plan involving the 4 Cs (cost, controls, culture, and catapult) has been implemented to improve operational efficiency and drive growth [8][13] - The company is exploring M&A opportunities to consolidate in the fragmented Prepared Foods market, supported by a strong balance sheet [53][118] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the deli space as grocery stores invest in Grab-and-Go food offerings, driven by inflation pushing consumers towards alternatives [52] - The company anticipates that normalized gross margins will hover in the high 20% range, with long-term goals targeting low 30% margins through strategic CapEx investments and operational improvements [50] Other Important Information - The company has completed significant CapEx investments, including doubling chicken capacity at the Farmingdale facility, which is expected to improve labor efficiencies and reduce costs [36][37] - The company has seen a 75% increase in marketing investment this quarter, reflecting a return to norms and addressing historical underinvestment [30] Q&A Session Summary Question: Expectations for Q4 revenue trends - Management acknowledged traditional Q4 softness but expressed confidence due to recent customer wins and stronger trade programs [56][59] Question: Improvements in commodity pricing and margin impact - Management confirmed that construction-related impacts are behind them and noted slight improvements in chicken pricing, with expectations for better procurement numbers [60][62] Question: Revenue performance drivers and regional performance - Management highlighted balanced portfolio performance across various customers and regions, with the Northeast decline attributed to pulling back unprofitable sales [88][96] Question: Impact of pricing on revenue growth - Pricing accounted for approximately 10% of the revenue growth, with the majority driven by volume [104][106] Question: M&A activity and market multiples - Management indicated a healthy pipeline for M&A opportunities but emphasized a disciplined approach to avoid overpaying [118][120]

Third Quarter Revenues Increase 10% to $31.5 Million; Completion of Strategic CapEx Projects and New Senior Hires Position Company for Robust Revenue and Margin Growth EAST RUTHERFORD, NJ, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Mama’s Creations, Inc. (NASDAQ: MAMA), a leading national marketer and manufacturer of fresh deli prepared foods, has reported its financial results for the third quarter ended October 31, 2024. Financial Summary:   Three Months Ended October 31,$ in millions 2024  2023  % Change Revenu ...

Revenue Performance - Net sales increased by approximately 10% to $31.5 million for the three months ended October 31, 2024, compared to $28.6 million for the same period in 2023[164] - Net sales for the nine months ended October 31, 2024, increased by approximately 17.2% to $89.7 million from $76.6 million in the prior year[172] Cost and Profitability - Costs of sales rose by approximately 22% to $24.4 million, representing 77% of net sales for the three months ended October 31, 2024, up from 70% in the prior year[165] - Gross profit margin decreased to 23% for the three months ended October 31, 2024, down from 30% in the same period of 2023[166] - Costs of sales for the nine months ended October 31, 2024, increased by approximately 26% to $68.3 million, representing 76% of net sales[173] - Gross profit margin for the nine months ended October 31, 2024, was 24%, down from 29% in the same period of 2023[175] Operating Expenses - Operating expenses increased by approximately $622 thousand to $6.6 million for the three months ended October 31, 2024, primarily due to higher advertising and payroll expenses[168] - Operating expenses increased by 19% to $18.5 million for the nine months ended October 31, 2024, largely due to a one-time legal settlement and increased advertising expenses[176] Net Income - Net income for the three months ended October 31, 2024, was approximately $0.4 million, a decrease from $2.0 million in the same period of 2023[163] Cash Flow and Financing - Net cash provided by operating activities for the nine months ended October 31, 2024, was approximately $6.0 million, compared to $4.9 million in the same period of 2023[185] - Net cash used in financing activities for the nine months ended October 31, 2023 was approximately $2.3 million, including $1.3 million for Term Loan payments, $0.9 million for line of credit payments, and $0.2 million for finance leases[189] - The company believes its cash resources will be sufficient to meet cash requirements for at least the next twelve months, but may require additional funding for growth[190] - There is no assurance that additional financing will be available on acceptable terms, which may necessitate a change in growth strategy[191]

Company Overview - Mama's Creations, Inc. is a leading national marketer and manufacturer of fresh deli prepared foods, available in over 8,000 grocery, mass, club, and convenience stores across the United States [3] - The company's product portfolio includes a variety of high-quality, fresh, clean, and easy-to-prepare foods, rooted in a rich history of Italian cuisine [3] - Mama's Creations aims to become a one-stop-shop deli solutions platform, leveraging vertical integration and a diverse family of brands to meet modern consumer demands [3] Upcoming Events - Management will attend the Raymond James Small Cap Summit on November 18, 2024, in Sonoma, CA, the 15th Annual Craig-Hallum Alpha Select Conference on November 19, 2024, in New York, NY, and the 13th Annual ROTH Deer Valley Event from December 11-14, 2024, in Park City, UT [2] - Adam L. Michaels, Chairman and CEO, will host one-on-one meetings with institutional investors at these events [1][2] Growth Strategy - The company is focused on growing market share and realizing long-term growth potential in the expanding prepared food space, as consumer preferences shift towards fresh, prepared meal options [2] - In 2025, Mama's Creations anticipates significant opportunities for acceleration, both organically and inorganically, aiming to emerge as a dominant player in the prepared foods sector and become the next $1 billion deli solutions provider [2]

Core Insights - Mama's Creations, Inc. has engaged UHY as its independent auditor for the fiscal year ending January 31, 2025, following approval from the Audit Committee [1][4] - The transition to UHY is part of the company's strategic evolution, reflecting its growth and diversification beyond its original Italian-inspired food offerings [2][3] - The company aims to become a $1 billion deli solutions provider by 2030, having implemented a strategic plan that includes acquisitions, product innovation, and operational transformation [3] Company Overview - Mama's Creations, Inc. is a leading marketer and manufacturer of fresh deli prepared foods, with products available in over 8,000 grocery, mass, club, and convenience stores across the United States [5] - The company has a diverse product portfolio that emphasizes high quality, fresh, clean, and easy-to-prepare foods, catering to the evolving needs of consumers and retailers [5] - The vision of the company is to establish itself as a one-stop-shop deli solutions platform, leveraging vertical integration and a variety of brands [5]

Company Wins Awards Eighth Year in a Row, including "I Could Eat This Everyday", Best Sauce and Best Chicken EAST RUTHERFORD, NJ, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Mama's Creations, Inc. (NASDAQ: MAMA), a leading national marketer and manufacturer of fresh deli prepared foods, today announced that QVC customers have for the eighth year in a row voted MamaMancini's products as #1 in the "I Could Eat This Everyday", Best Sauce and Best Chicken categories during the 2024 QVC Customer Choice® Food Awards. Ever ...

Mama's Creations, Inc. (MAMA) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced earnings of $0.01, delivering a surprise of -50%. Over the last four quarters, the comp ...

Second Quarter Revenues Increase 14% to $28.4 Million Company Continues Cadence of New Sales Wins, Including an Initial 2,000 Store Placement in Wal-Mart and a Costco National Buy in the Second Half of 2024 EAST RUTHERFORD, NJ, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Mama's Creations, Inc. (NASDAQ: MAMA), a leading national marketer and manufacturer of fresh Deli prepared foods, has reported its financial results for the second quarter ended July 31, 2024. Financial Summary: | --- | --- | --- | --- | --- | --- | ...

Chief Operating Officer Appointment Pulls on Tier-1 Experience with Firms Such as Walmart, Procter & Gamble, Gordon Food Service and Campbell Soup to Help Institutionalize the Operations Organization EAST RUTHERFORD, NJ, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Mama's Creations, Inc. (NASDAQ: MAMA), a leading national marketer and manufacturer of fresh Deli prepared foods, today announced the appointment of end-to-end supply chain and operations leader Moore (Skip) Tappan to the role of Chief Operating Officer, f ...