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Mama's Creations Acquires Fresh Protein Manufacturer Crown I Enterprises
Globenewswire· 2025-09-02 12:31
Strategic Acquisition from Sysco to Expand Customer Base and Production Capabilities; Crown I Generated $56M in Profitable Revenue in FY25 at Marquee Retailer Partners $17.5 Million All-Cash Acquisition, at Attractive 0.3x FY25 Revenue Multiple, to be Fully Financed by Private Placement with Institutional Investors and Long-Term Credit Facility with M&T Bank EAST RUTHERFORD, NJ, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Mama’s Creations, Inc. (Nasdaq: MAMA) (the “Company” or “Mama”), a leading national marketer a ...
Mama's Creations Reports Fourth Quarter and Fiscal Year 2025 Financial Results
GlobeNewswire News Room· 2025-04-08 20:05
Core Insights - Mama's Creations, Inc. reported a significant revenue increase of 25.7% in Q4 2025, reaching $33.6 million, with a gross margin of 27.0% [1][4][9] - The company achieved a fiscal year revenue growth of 19.4%, totaling $123.3 million, driven by volume gains and new customer acquisitions [2][9][10] - Strategic capital expenditures and new senior hires are contributing to robust revenue and margin growth [1][4][6] Financial Performance - Q4 2025 revenues were $33.6 million, up from $26.7 million in Q4 2024, while fiscal 2025 revenues increased to $123.3 million from $103.3 million in fiscal 2024 [2][9] - Gross profit for Q4 2025 was $9.1 million, a 16.1% increase from $7.8 million in Q4 2024, with a gross margin of 27.0% compared to 29.3% in the prior year [10][12] - Operating expenses rose to $7.2 million in Q4 2025 from $5.9 million in Q4 2024, but as a percentage of sales, they decreased to 21.3% from 21.9% [11][12] Profitability Metrics - Net income for Q4 2025 was $1.6 million, or $0.04 per diluted share, compared to $1.4 million, or $0.04 per diluted share, in Q4 2024 [12][13] - Fiscal 2025 net income totaled $3.7 million, down from $6.5 million in fiscal 2024, reflecting a decrease in earnings per share [12][13] - Adjusted EBITDA for Q4 2025 was $3.1 million, an 8.7% increase from $2.8 million in Q4 2024, while fiscal 2025 adjusted EBITDA decreased to $9.2 million from $11.7 million in the prior year [13] Operational Highlights - The company completed strategic CapEx projects aimed at doubling grilled chicken throughput, which is expected to enhance future growth [4][5] - New customer acquisitions include major retailers such as Wal-Mart, Costco, and Kroger, contributing to expanded market presence [6][8] - The company secured fixed-price protein contracts for beef and chicken, hedging against commodity cost risks for at least 50% of projected FY 2026 volume [6][8] Cash Position and Debt Management - Cash and cash equivalents as of January 31, 2025, were $7.2 million, down from $11.0 million a year earlier, primarily due to capital investments and debt repayment [14] - Total debt decreased to $5.1 million from $8.7 million year-over-year, indicating improved financial stability [14]