Workflow
Hydroponic basil
icon
Search documents
Edible Garden Preliminary Holiday Sales Surge 26.4% Year-Over-Year During Key Time Period
Globenewswire· 2026-01-06 12:30
Core Insights - Edible Garden AG Incorporated reported a 26.4% year-over-year increase in preliminary sales during the key holiday selling period in 2025, indicating strong consumer demand and effective operational execution [1][2] - The sales growth was broad-based, with cut and potted herbs increasing approximately 26.7% and 25.0% respectively, and hydroponic basil growing by about 16.4% [1] - The company has expanded its distribution network to over 5,000 retail locations nationwide, including partnerships with major retailers such as Walmart, Target, and Amazon [2] Sales Performance - The sales figures reflect the period from December 14-31, 2025, compared to December 15-31, 2024, showcasing significant growth across various product categories [1][3] - Wheatgrass sales nearly doubled compared to the prior-year period, and condiments and specialty products also contributed positively to overall performance [1] Operational Highlights - The company emphasizes its operational focus and reliability, which are key to supporting growth and enhancing the Edible Garden brand [2] - The fulfillment rate, a key performance metric, is defined as the percentage of orders filled in full relative to the total number of orders received, indicating strong operational efficiency [4] Product and Innovation - Edible Garden is recognized for its controlled environment agriculture (CEA) solutions and sustainable practices, including its Zero-Waste Inspired® growing platform [3] - The company utilizes patented technologies such as the GreenThumb software and self-watering displays to optimize growing conditions and enhance product shelf life [3] Future Outlook - The company aims to continue expanding and strengthening retail relationships while maintaining consistent operational execution and delivering sustainable products that meet consumer demand [2]
Edible Garden AG Incorporated's Financial Challenges and Opportunities
Financial Modeling Prep· 2025-11-15 01:00
Core Viewpoint - Edible Garden AG Incorporated (EDBL) is facing significant financial challenges despite a strategic shift towards consumer packaged goods, as evidenced by its earnings report and revenue performance [2][3][6] Financial Performance - EDBL reported an earnings per share (EPS) of -$1.38 for Q3 2025, missing the estimated EPS of -$0.51, indicating ongoing financial difficulties [2][6] - The company's actual revenue for Q3 2025 was $2.82 million, below the estimated $3.88 million, although it represented a 9% increase compared to the same period in 2024 [3][6] - Sales of non-perishable consumer packaged goods (CPG) units surged by 49.3% year-over-year, highlighting growth potential despite overall revenue shortfalls [3][6] Financial Metrics - EDBL's enterprise value to operating cash flow ratio is negative at around -0.58, suggesting challenges in generating cash flow from operations [4] - The earnings yield is also negative at approximately -3.66%, further indicating the company's unprofitability [4] - The company maintains a low debt-to-equity ratio of approximately 0.25, suggesting manageable debt levels, but the current ratio of about 0.80 indicates potential difficulties in covering short-term liabilities [5]
Edible Garden's New Distribution at Pete’s Market in Chicago Pushes Brand into Leadership Position in Chicagoland
Globenewswire· 2025-09-23 12:30
Core Insights - Edible Garden AG Incorporated has announced a significant expansion of its national retail distribution network through a partnership with Pete's Fresh Market, enhancing its presence in the grocery market [1][5]. Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce. The company operates over 5,000 retail locations across the U.S., Caribbean, and South America [6]. - The company utilizes a Zero-Waste Inspired® farming model and advanced safety protocols, along with patented technologies such as GreenThumb software and Self-Watering displays [6][8]. Partnership Details - The partnership with Pete's Fresh Market will involve supplying a diverse selection of sustainably grown products, including the Pickle Party® line, which features fermented Kosher, Non-GMO pickles and sauerkraut [2][5]. - Customized merchandising units, including fresh herb racks and basil displays, will be deployed to enhance product visibility and consumer engagement [3]. Logistics and Operational Efficiency - The rollout will utilize the Direct-to-Distribution Center (DC) program, which allows for direct delivery to Pete's Fresh Market's centralized distribution network, optimizing freshness and reducing food miles [4]. - This logistics model is designed to streamline inventory flow and align with the company's environmental impact goals [4]. Strategic Goals - The CEO of Edible Garden emphasized that this partnership is a strategic move to make sustainably grown produce more accessible while enhancing the company's presence in a dynamic grocery market [5]. - The initiative is expected to deliver topline growth and operational leverage, supporting the company's mission of sustainability and community focus [5].