By Connor Hart
Shares of Once Upon a Farm fell after the company forecast slower growth over the coming year.
The stock declined 19% to $16.43 in premarket trading Friday. The maker of organic children's food--co-founded by veteran food executive John Foraker and actress Jennifer Garner--made its public debut last month.
The company late Thursday guided for sales to grow 25% to 29% this year, to between $302 million and $310 million. That compares with 54% growth in 2025, and the midpoint is below the $303.6 million that analysts polled by FactSet had expected.
Still, William Blair analysts said the outlook is achievable and could prove to be conservative.
"It appears reasonably grounded and does not explicitly factor in potential upside drivers such as an acceleration in cooler placements, benefits of brand building investments, and certain supply chain productivity programs," the analysts wrote.
The forecast came as the company swung to a fourth-quarter profit as revenue climbed by double digits.
The company posted a fourth-quarter profit of $22.5 million, or 11 cents a share, compared with a loss of $12.3 million, or $1.88 a share, a year earlier. Analysts had projected earnings of 10 cents a share.
Revenue climbed 30% to $64 million, compared with analyst estimates of $63 million.
The growth was driven by broadened distribution and higher average selling prices, the company said.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 13, 2026 06:59 ET (10:59 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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