Business
Goodfood Reports Second Quarter of 2025 Results with Net Sales of $31 million, Gross Profit of $13 million and Adjusted EBITDA¹ of $1 million
Net sales were $31 million in the second quarter of 2025, with gross margin 2 reachin...
About this update from Goodfood Market Corp.
[{"type":"text","content":"Goodfood Reports Second Quarter of 2025 Results with Net Sales of $31 million, Gross Profit of $13 million and Adjusted EBITDA¹ of $1 million\n\n\n\n\n\n Net sales were $31 million in the second quarter of 2025, with gross margin\n \n\n\n 2\n \n\n\n reaching 42.6% for a gross profit of $13 million\n \n\n\n\n Net loss of $2 million, adjusted EBITDA margin\n \n\n\n 1\n \n\n\n of 4.5% and adjusted EBITDA\n \n\n\n 1\n \n\n\n of $1 million for the quarter\n \n\n\n\n Cash flows used in operating activities of $1 million and adjusted free cash flow\n \n\n\n 1\n \n\n\n was negative $1 million for the second quarter of 2025\n \n\n\n\n Cash balance and marketable securities at $19 million, with balance sheet further de-risked with repayment of 2025 Debentures on March 31, 2025\n \n\n\n\n Attained B Corp certification, joining global community of forward-thinking companies using business as a force for good\n \n\n\n\n Genuine Tea, Goodfood’s first acquisition, performing well and benefitting from “Buy in Canada” movement, as we look to further build pipeline of deals and complete more acquisitions to expand our platform\n \n\n\n\n MONTREAL, April 22, 2025 (GLOBE NEWSWIRE) --\n \n\n Goodfood Market Corp. (“\n \n Goodfood\n \n ”, “the\n \n Company\n \n ”, “\n \n us\n \n ”, “\n \n we\n \n ” or “\n \n our\n \n ”) (TSX: FOOD), a leading Canadian online meal solutions company, today announced financial results for the 13 weeks and 26 weeks ended March 8, 2025.\n \n\n “I am pleased to report that Goodfood delivered positive Adjusted EBITDA\n \n\n 1\n \n\n for a ninth consecutive quarter, as our solid operational foundations and the flexibility of our cost structure enabled successfully navigating a persistently challenging consumer demand environment across Canada,” said Jonathan Ferrari, Chief Executive Officer of Goodfood Market Corp. “Despite macroeconomic headwinds impacting consumer behavior and driving more cautious spending, our focus on product innovation, operational discipline, and cost efficiency drove continued profitability on an Adjusted EBITDA\n \n\n 1\n \n\n basis,” added Mr. Ferrari.\n \n\n “We also reached a record basket size this quarter, as customers continued to upgrade recipes and add more meals...