Business
Goodfood Reports Third Quarter of 2025 Results with Net Sales of $31 million, Gross Profit of $14 million and Adjusted EBITDA¹ of $3 million
Net sales were $31 million, with gross margin 2 reaching 44.3% for a gross profit of ...
About this update from Goodfood Market Corp.
[{"type":"text","content":"Goodfood Reports Third Quarter of 2025 Results with Net Sales of $31 million, Gross Profit of $14 million and Adjusted EBITDA¹ of $3 million\n\n\n\n\n\n Net sales were $31 million, with gross margin\n \n\n\n 2\n \n\n\n reaching 44.3% for a gross profit of $14 million for this quarter\n \n\n\n\n Net income of $0.1 million, adjusted EBITDA margin\n \n\n\n 1\n \n\n\n of 8.6% and adjusted EBITDA\n \n\n\n 1\n \n\n\n of $3 million for the quarter\n \n\n\n\n Cash flows provided by operating activities of $1 million and adjusted free cash flow\n \n\n\n 1\n \n\n\n was $0.2 million for the quarter\n \n\n\n\n Cash balance and marketable securities at $17 million, with Bitcoin Exchange-Traded Fund (BTC) at $3.2 million at quarter-end on initial investment of $3.0 million\n \n\n\n\n Launch of Heat & Eat meal solutions providing additional delicious options to customers in Quebec; ready for scaling phase in early Fiscal 2026\n \n\n\n\n Genuine Tea, Goodfood’s first acquisition, continuing to outperform expectations, with sales displaying strong growth and the lease of a new, bigger facility setting the team for further expansion and success\n \n\n\n\n\n\n MONTREAL, July 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 39 weeks ended June 7, 2025.\n \n\n “In the third quarter, we continued to execute with discipline and delivered solid profitability metrics. Our gross margin\n \n 2\n \n held strong at over 44%, and we reported another quarter of positive Adjusted EBITDA\n \n 1\n \n , marking two and half years of positive Adjusted EBITDA\n \n 1\n \n performance. These results were driven by our ongoing focus on operational efficiency and product innovation, which also enabled us to return to positive adjusted free cash flow this quarter. Notably, despite the year-over-year decline in net sales, our customers’ average basket size and net sales per active customer reached all-time highs — a testament to the value our customers are placing on our offerings,” said Jonathan Ferrari, Chief Executive Officer...