MONTREAL, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Goodfood Market Corp. (“Goodfood”, “the Company”, “us”, “we” or “our”) (TSX: FOOD), a leading Canadian online meal solutions company reminds shareholders that its Annual General Meeting will be held on February 26, 2026, at 10:00 a.m. (Eastern Standard Time). The meeting will be held in a virtual only format, which will be conducted via live audio webcast at https://virtual-meetings.tsxtrust.com/en/1870. Shareholders will have an equal opportunity to participate i ...

Core Viewpoint - Goodfood Market Corp. reported financial results for the first quarter of fiscal 2026, indicating a focus on stabilizing the business amidst challenging market conditions, achieving a gross margin of 42.3%, positive adjusted EBITDA, and adjusted free cash flow of $1.2 million [2][6]. Financial Performance - Net sales for the first quarter were $27.5 million, a decrease of 21% from $34.7 million in the same period last year [5]. - Gross profit was $11.6 million, down 15% from $13.7 million year-over-year, with a gross margin improvement of 2.7 percentage points [5][6]. - The company reported a net loss of $2.6 million, compared to a loss of $1.7 million in the previous year, with a basic and diluted loss per share of $0.03 [5][6]. Operational Insights - The company is focusing on tighter cost controls and improved execution, with a clear strategy to build a more resilient operating model [3][4]. - An operational review is underway to prioritize profitable demand and enhance capital deployment [4]. - The leadership transition is nearly complete, emphasizing the protection of margins and disciplined capital allocation [4]. Cash Flow and Capital Structure - Cash flows from operating activities were $1.4 million, with an adjusted free cash flow of $1.2 million for the quarter [6][10]. - The total net debt increased to $26.9 million, with a total net debt to adjusted EBITDA ratio of 4.92, up from 2.59 the previous year [11]. Strategic Outlook - Goodfood aims to generate consistent cash flows through meal solutions and is broadening its platform via acquisitions, with Genuine Tea being the first acquisition [13][15]. - The company is focused on enhancing product variety and stabilizing revenue through new offerings like Heat & Eat and Genuine Tea products [14][16]. - Future growth avenues will include selective acquisitions to strengthen the business and improve cost and margin structures [4][15]. Market Trends - The meal solutions category, particularly meal kits, is under pressure, and the company does not anticipate a near-term recovery [3]. - Seasonal trends affect net sales and expenses, with expectations of lower sales during winter holidays and summer seasons [17].

MONTREAL, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Goodfood Market Corp. (“Goodfood” or “the Company”) (TSX: FOOD), a leading Canadian online meal solutions company, will release its financial results for the first quarter of Fiscal 2026 on Tuesday, January 20, 2026, before markets open. Selim Bassoul, Executive Chairman, and Roslane Aouameur, Chief Financial Officer, will hold a conference call to review the results at 8:00 a.m. (ET) on the same day. Details of the Earnings Conference Call: When: January 20, 202 ...

Core Insights - Goodfood Market Corp. reported financial results for the 13 weeks and 52 weeks ended September 6, 2025, highlighting challenges in the macro environment and consumer discretionary spending, yet demonstrating resilience with a gross margin of 42% and positive Adjusted EBITDA [2][6][25]. Financial Performance - For the fiscal year 2025, net sales decreased by 21% to CAD 120.9 million from CAD 152.8 million in 2024 [6][10]. - In the fourth quarter, net sales were CAD 25 million, with a gross profit of CAD 10 million and a gross margin of 40.3% [7][12]. - The company reported a net loss of CAD 4 million in the fourth quarter, with an adjusted EBITDA margin of 1.7% [7][16]. Cost Structure and Operational Review - The cost of goods sold decreased by 22% to CAD 70.5 million in fiscal 2025, contributing to a gross profit decline of 20% [8][11]. - Selling, general, and administrative expenses were reduced by 17% to CAD 45.4 million, although as a percentage of net sales, these expenses increased from 35.9% to 37.5% [8][11]. - The company is focusing on refining its product lineup and tightening costs to enhance operational flexibility and margin resilience [3][4]. Cash Flow and Capital Structure - Adjusted free cash flow for the fourth quarter was CAD 1.7 million, a significant improvement from a negative CAD 1.1 million in the same period last year [20][21]. - Total net debt increased to CAD 25.1 million, with a total net debt to adjusted EBITDA ratio of 4.12, up from 2.49 in the previous year [23][24]. Strategic Initiatives and Market Position - Goodfood is positioning itself to operate profitably without relying on macroeconomic recovery, focusing on new product offerings like Heat & Eat and Genuine Tea [4][25]. - The company aims to enhance its sustainability initiatives and has received B Corp certification, reflecting its commitment to environmental and social responsibility [28][39]. - Goodfood is exploring acquisitions to strengthen its platform, with Genuine Tea being the first acquisition completed in late 2024 [25][29].

Core Viewpoint - Goodfood Market Corp. is set to release its financial results for the fourth quarter and year-end of Fiscal 2025 on November 27, 2025, before market opening, indicating a significant upcoming event for investors [1]. Financial Results Announcement - The financial results will be reviewed in a conference call led by Neil Cuggy, President and COO, and Roslane Aouameur, CFO, at 8:00 a.m. ET on the same day [1]. - The conference call will provide insights into the company's performance and future outlook, which is crucial for stakeholders [1]. Conference Call Details - The conference call is scheduled for November 27, 2025, at 8:00 a.m. ET, with dial-in numbers provided for participants [2]. - A replay of the conference call will be available until December 4, 2025, allowing those who missed the live event to access the information [2]. - A webcast and slide presentation will also be available for those interested in a visual representation of the results [2]. Company Overview - Goodfood is recognized as Canada's leading digitally native meal solutions brand, focusing on delivering fresh meals and add-ons to customers across the nation [2]. - The company aims to connect partner farms and suppliers directly to customers' kitchens, which helps in reducing food waste and retail overhead [2]. - Goodfood is headquartered in Montreal, Québec, and operates production facilities in both Quebec and Alberta, positioning itself as a prominent player in the Canadian food industry [2].

Core Insights - Goodfood Market Corp. reported financial results for the 13 weeks and 39 weeks ended June 7, 2025, highlighting solid profitability metrics despite a year-over-year decline in net sales [1][2][4] - The company achieved a gross margin of 44.3% and positive Adjusted EBITDA for the quarter, marking two and a half years of positive performance in this metric [2][5] - Goodfood's Heat & Eat meals generated $1 million in run-rate revenue without advertising, indicating strong product-market fit and growth potential [3][5] Financial Performance - For the third quarter, net sales were $30.7 million, down 20% from $38.6 million in the same quarter last year [4][5] - Gross profit decreased to $13.6 million, a 20% decline from $16.9 million, while gross margin slightly improved by 0.3 percentage points [4][5] - Net income for the quarter was $0.1 million, a significant drop of 82% compared to $0.3 million in the previous year [4][5] Year-to-Date Results - Year-to-date net sales totaled $95.8 million, down 19% from $118.8 million in the previous year [6][12] - The company reported a net loss of $4.0 million for the year-to-date period, compared to a loss of $0.3 million in the same period last year [6][12] - Adjusted EBITDA for the year-to-date period was $5.7 million, down from $8.6 million, with an adjusted EBITDA margin of 5.9% [10][12] Customer Metrics - The decrease in net sales was attributed to a decline in active customers, which was partially offset by an increase in average order value [7][8] - The average basket size and net sales per active customer reached all-time highs, indicating strong customer engagement [2][20] Strategic Initiatives - Goodfood is focused on expanding its product offerings, including the launch of the Heat & Eat meal solutions and the acquisition of Genuine Tea [3][18][22] - The company aims to enhance sustainability initiatives and has received B Corp certification, reflecting its commitment to social responsibility [21][30] Capital Structure - As of June 7, 2025, total net debt was $23.5 million, with a total net debt to adjusted EBITDA ratio of 3.82, up from 2.12 the previous year [16][17] - Cash and cash equivalents decreased to $13.7 million from $26.2 million, primarily due to lower net sales and the acquisition of Genuine Tea [16][17] Future Outlook - Goodfood plans to continue generating positive cash flows and enhancing product variety to attract a broader customer base [19][23] - The company is also exploring further acquisitions to build a portfolio of next-generation brands [22][23]

Core Insights - Goodfood Market Corp. will release its financial results for Q3 Fiscal 2025 on July 22, 2025, before market opening [1] - A conference call will be held at 8:00 a.m. ET on the same day to discuss the results [1] Company Overview - Goodfood is Canada's leading digitally native meal solutions brand, providing fresh meals and add-ons for customers nationwide [2] - The company connects partner farms and suppliers directly to customers' kitchens, aiming to reduce food waste and retail overhead [2] - Goodfood is headquartered in Montreal, Québec, with production facilities in Quebec and Alberta [2]