Deli foods maker Mama's Creations Q3 revenue beats estimates aided by Crown 1 acquisition

Reuters12-09
Deli foods maker <a href="https://laohu8.com/S/MAMA">Mama's Creations</a> Q3 revenue beats estimates aided by Crown 1 acquisition

Overview

  • Mama's Creations Q3 revenue grows 50% yr/yr, beating analyst expectations

  • Adjusted EBITDA for Q3 beats estimates, reflecting operational improvements

  • Company acquired Crown 1, enhancing operational capabilities and market reach

Outlook

  • Company anticipates significant growth from new retail placements at Target and Food Lion

  • Mama's Creations aims to become a $1 billion deli prepared foods company

Result Drivers

  • CROWN 1 ACQUISITION - Integration of Crown 1 contributed to revenue growth and expanded operational capabilities

  • OPERATIONAL IMPROVEMENTS - Efficiency improvements and price increases helped offset commodity headwinds

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$47.30 mln

$43.20 mln (5 Analysts)

Q3 EPS

$0.01

Q3 Net Income

$500,000

Q3 Adjusted EBITDA

Beat

$3.80 mln

$2.65 mln (4 Analysts)

Q3 Gross Profit

$11.10 mln

Q3 Operating Expenses

$10.30 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the food processing peer group is "buy"

  • Wall Street's median 12-month price target for Mama's Creations Inc is $15.00, about 30.8% above its December 5 closing price of $11.47

  • The stock recently traded at 56 times the next 12-month earnings vs. a P/E of 36 three months ago

Press Release: ID:nGNX8dF32Q

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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