Core Insights - Mama's Creations, Inc. reported strong third-quarter fiscal 2026 results, with both revenue and earnings exceeding expectations and showing year-over-year growth [1][2][3] Financial Performance - The company achieved quarterly earnings of 1 cent per share, surpassing the Zacks Consensus Estimate of a loss of 1 cent, and reflecting a 24.1% increase from the prior year [2] - Total revenues rose 50% year over year to $47.3 million, exceeding the Zacks Consensus Estimate of $44 million, driven by the acquisition of Crown 1 and strong organic growth [3][8] - Gross profit increased by 56.6% to $11.1 million, with gross margin expanding by 100 basis points to 23.6% due to operational efficiency and stabilized chicken prices, despite challenges from beef prices and lower-margin sales from Crown 1 [4] - Operating expenses rose to $10.3 million from $6.6 million in the previous year, with a percentage of sales increase to 21.8%, influenced by non-recurring costs related to the Crown 1 acquisition [5] - Adjusted EBITDA for the quarter was $3.8 million, up from $1.7 million in the prior-year quarter [6] Balance Sheet and Cash Flow - As of the end of the fiscal third quarter, the company had cash and cash equivalents of $18.1 million, total shareholders' equity of $49.6 million, and total debt of $6.4 million [7][8] - The net cash flow from operations for the nine months ended October 31, 2025, was $8.2 million [7]

The Australian government has contributed to a debt refinancing deal at snacks major The Arnott’s Group. Through Australia's National Reconstruction Fund Corporation (NRFC), the Tim Tam biscuits maker will get A$45m ($29.9m) as part of its refinancing of $1.75bn in existing debt that matures in 2026 The NRFC is Australia’s A$15bn investment vehicle targeting areas including low-emissions technologies and “value-add” in agriculture, defence and transport. The deal with Arnott’s follows the fund’s A$36m d ...

Earnings Presentation Q1 Fiscal 2026 1 Rebecca Gardy Chief Investor Relations Officer Welcome Today's Agenda Mick Beekhuizen Chief Executive Officer Business Update Todd Cunfer Chief Financial Officer Financial Results and Outlook 2 Forward-looking Statements Safe Harbor Regarding Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the federal securities laws. These forward-looking statements reflect our current expectations regarding our future results o ...

Financial Data and Key Metrics Changes - Revenue for Q3 fiscal 2026 increased by 50% to $47.3 million compared to $31.5 million in the same quarter last year, driven by the acquisition of Crown One and robust growth in the legacy business [21][22]. - Gross profit rose by 56.6% to $11.1 million, representing 23.6% of total revenues, up from 22.6% in the prior year [21][22]. - Net income increased by 31.7% to $0.5 million, or $0.01 per diluted share, compared to $0.4 million in the same year-ago quarter [24]. - Adjusted EBITDA surged by 118% to $3.8 million for Q3 fiscal 2026, compared to $1.7 million in the same year-ago quarter [24]. Business Line Data and Key Metrics Changes - The acquisition of the Bayshore facility is expected to enhance production capabilities and operational efficiency, contributing to the overall growth strategy [6][9]. - The company has successfully centralized 100% of Bayshore's procurement, leading to significant cost reductions in beef and improved gross margins [9][11]. Market Data and Key Metrics Changes - The grocery deli segment is becoming increasingly competitive, with a noted shift of consumers opting for deli-prepared foods over restaurant meals, which has more than doubled since 2017 [10]. - The overall retail food service segment has grown to over $52 billion, indicating a favorable market environment for the company's offerings [10]. Company Strategy and Development Direction - The company aims to elevate Bayshore's margin profile and integrate workflows across its facilities to unlock synergy opportunities [28]. - The focus remains on executing the Bayshore integration while exploring additional acquisition opportunities that align with the company's strategic framework [20]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's operational model and consumer demand for deli-prepared foods, highlighting a strong pipeline with tier-one retailers [29]. - The company is optimistic about its growth trajectory, supported by recent acquisitions and strategic partnerships [20][29]. Other Important Information - The company has been recognized by Forbes and TIME as one of the most successful small-cap companies and growth leaders in 2026, respectively [29]. - The transition to a make-to-stock organization is expected to improve service levels and operational efficiency [66]. Q&A Session Summary Question: Progress on AIC front - Management highlighted ongoing efforts to drive AIC (Average Item Count) with new items being introduced at existing customers, emphasizing the importance of increasing velocities [32][33]. Question: Sell-through and visibility initiatives for Costco - Management confirmed that products are already shipping and discussed various marketing initiatives to enhance visibility and awareness, including partnerships with Instacart and Walmart [36][39]. Question: Locking in chicken prices for 2026 - Management indicated that the acquisition has significantly increased chicken needs, allowing for better pricing negotiations and improved visibility in the supply chain [40][42]. Question: SKU rationalization of Crown products - Management confirmed that SKU rationalization is underway, focusing on gross margin optimization and customer relationships before making decisions [50][53]. Question: Trade promotion levels and Crown integration impact - Management noted that Crown's products have low trade rates, which may lower overall trade promotion levels, but emphasized the importance of high ROI in trade spending [55][56].

Financial Data and Key Metrics Changes - Revenue for Q3 fiscal 2026 increased 50% to $47.3 million compared to $31.5 million in the same year-ago quarter, driven by the acquisition of Crown One and robust growth in the legacy business [22] - Gross profit increased 56.6% to $11.1 million, representing 23.6% of total revenues, up from 22.6% in the prior year [22][23] - Net income rose 31.7% to $0.5 million, or $0.01 per diluted share, compared to $0.4 million in the same year-ago quarter [25] - Adjusted EBITDA increased 118% to $3.8 million for Q3 fiscal 2026, compared to $1.7 million in the same year-ago quarter [25] Business Line Data and Key Metrics Changes - The acquisition of the Bayshore facility is expected to enhance production capabilities and operational efficiency, contributing to the company's long-term revenue goals [5][9] - The grocery deli segment is highlighted as a key growth area, with fully cooked meats growing 4.8% over the past year, indicating strong demand for deli-prepared foods [10] Market Data and Key Metrics Changes - The overall retail food service segment has grown to over $52 billion, with consumers increasingly opting for deli-prepared foods over restaurant meals [10] - Industry data shows that the share of shoppers replacing restaurant meals with deli-prepared foods has more than doubled since 2017 [10] Company Strategy and Development Direction - The company is focused on integrating the Bayshore facility and optimizing its operations across three locations to enhance efficiency and reduce costs [27] - The strategic pillars include Cost, Controls, Culture, and Catapult, aimed at driving profitable growth and market share gains [11][16] - The company is actively pursuing additional acquisition opportunities that align with its disciplined framework [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of consumer demand for deli-prepared foods and the company's ability to capitalize on this trend [20][28] - The integration of the Bayshore facility is progressing well, with expectations to enhance gross margins and operational synergies [27][55] Other Important Information - The company has centralized procurement across its facilities, leading to significant cost reductions, particularly in beef and chicken [9][11] - Marketing efforts have resulted in over 24 million impressions in Q3, with a double-digit return on advertising spend [19] Q&A Session Summary Question: Progress on AIC front - Management highlighted ongoing efforts to increase item offerings at existing customers, with new products being introduced at Publix and Fresh Market [30][31] Question: Sell-through and visibility initiatives for Costco - The product is already shipping, and marketing initiatives on platforms like Instacart are driving awareness and sales [33][34] Question: Locking in chicken pricing for 2026 - Management noted that the acquisition has doubled chicken needs, allowing for better pricing negotiations and visibility in the supply chain [36][38] Question: SKU rationalization of Crown products - The team is in the early stages of identifying SKUs for rationalization, focusing on gross margin optimization [40][41] Question: Trade promotion levels moving forward - Management aims to maintain high ROI on trade promotions, with a focus on efficiency rather than just increasing spend [43][44] Question: Breakdown of organic growth between volume and pricing - Approximately 80% of organic growth was volume-driven, with 20% attributed to pricing adjustments [46][47] Question: Transition to a make-to-stock organization - The transition is progressing well, with improved service levels and inventory management [48][49] Question: Crown's gross margin expectations - Management expects Crown's gross margin to improve to the mid-20% range over the next year, with ongoing improvements in the legacy business as well [52][53]

Revenues Grow 50% YoY to $47.3 Million, Driven by Double-Digit Organic Sales Momentum and Integration of Crown 1 Asset Acquisition EAST RUTHERFORD, NJ, Dec. 08, 2025 (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, 2025. Financial Summary:   Three Months EndedOctober 31, $ in millions 2025  2024  % Increase Revenues $47.3  $31.5   50.0%Gross Profit $ ...

Core Insights - Mama's Creations, Inc. specializes in manufacturing and marketing prepared refrigerated foods in the United States, offering products like meatballs, meat loaf, and pasta entrees [1] - The consensus price target for Mama's Creations has increased from $14.67 to $18 over the past year, indicating growing analyst confidence, although one analyst has a more conservative target of $10 [2] - Recent acquisitions, particularly the purchase of Crown I Enterprises, are expected to enhance production capabilities and expand the customer base, contributing to increased revenue and operational efficiencies [3] - The company reported a 24% increase in sales in the second quarter, driven by efficiency gains, and a 14.4% surge in share price reflects positive market sentiment [4][6] - The upcoming third-quarter earnings report on December 8 will be closely monitored for updates on financial performance and strategic direction [5]

Sales are more weighted to developed markets at 65% of total revenue versus 35% for emerging markets but TMICC also plans to put more leverage into advertising and promotional spending.For the time being, Unilever will retain a 19.9% stake in the demerged TMICC but that interest will be wound down gradually over five years, the parent company previously disclosed.In Amsterdam trading, Reuters put the valuation at $9.2bn as of a filing at 11:04am GMT today.“With our iconic brands, world-class capabilities, e ...

Core Insights - The article discusses the anticipated economic environment in 2026, highlighting expected interest rate cuts and the impact on various sectors, particularly mortgage REITs and pharmaceutical companies. Group 1: Interest Rates and Mortgage REITs - Interest rates are projected to decline, with Fed Chair Jay Powell having already implemented two rate cuts, and more expected under Kevin Hassett's leadership [3][4] - Mortgage REITs like Annaly Capital (NLY) and Dynex Capital (DX) are well-positioned to benefit from falling rates, with yields of 12.3% and 14.7% respectively, and potential for significant price appreciation [4][5] - The easing of mortgage spreads, which are crucial for profitability, indicates a favorable environment for these mortgage REITs as they hold government-backed securities [5][6] Group 2: Pharmaceutical Industry and AI - The pharmaceutical industry is set to experience accelerated drug discovery cycles, potentially reducing the time from development to market from 10-15 years to 3-6 years due to AI advancements [7][8] - Companies like BlackRock Health Sciences Term Trust (BMEZ) are positioned to benefit from this trend, yielding 8.6% while investing in innovative drug development firms [9] - Danaher (DHR) is highlighted as a key supplier in the life sciences sector, providing essential tools and consumables for drug development, which are expected to see increased demand due to AI-driven research [11][12] Group 3: Consumer Goods - Hershey Foods - Hershey Foods (HSY) is noted for its strong brand portfolio and resilience despite rising cocoa prices, with management implementing efficiency plans and price increases to maintain cash flow [14][15] - The company has raised its dividend by 70% over five years, indicating a strong commitment to shareholder returns and positioning for a rebound as input costs stabilize [15]

Top 5 Initiations: Citi initiated coverage of United Airlines (UAL) with a Buy rating and $132 price target. The firm believes the setup is positive for the airlines with an "elongated mid-cycle" beginning in 2026. Citi also started Delta Air Lines (DAL) and American Airlines (AAL) with Buy ratings, and Southwest (LUV) with a Neutral rating. Susquehanna initiated coverage of GE Aerospace (GE) with a Positive rating and $350 price target. Between its own engines and those from its CFM International 50-50 ...