Goodfood Market Corp. · TSX:FOOD
Goodfood Market — Q1 2026 Earnings Presentation
11 slides from Goodfood Market's earnings presentation, Jan 20, 2026
Slide 1: Q1-2026 Earnings Presentation
Q1-2026 EARNINGS PRESENTATION January 20, 2026
Slide 2: Forward-looking information
This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information includes, but is not limited to, information with respect to our objectives and the strategies to achieve these objectives, as well as informati
Slide 3: What We Achieved this Quarter
What We Achieved this Quarter Continued Profitability Despite Market Headwinds … $6.0 Adjusted EBITDA1 9.2% $5.0 & Margin1 8.9% 8.6% 7.8% C$ millions and % 7.2% $4.0 4.7% $3.0 4.5% 3.6% 3.7% $2.0 $4 $4 $3 $3 1.9% $3 $1.0 $1 1.5% $2 1.7% $1 $1 $1 $1 $0 $0.0 -$1.0 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q
Slide 4: Net Sales and Active Customers
Net Sales and Active Customers1 Net sales reflect an intentional reduction in marketing spend and continued pressure in the meal kit category; higher average order value reflects a deliberate focus on profitable demand, partially offsetting lower active customers 1 Net Sales Quarterly Active Custome
Slide 5: Gross Profit, Adj. EBITDA and Net Loss
Gross Profit, Adj. EBITDA1 and Net Loss Gross margin2 improvement year-over-year reflects discipline in lowering incentives and controlling costs, supporting positive adjusted EBITDA1 in Q1 Gross Profit Adjusted EBITDA1 Net Loss & Gross Margin2 & Margin1 C$ millions C$ millions and % C$ millions and
Slide 6: Cash Flows
Cash Flows Positive operating cash flow and adjusted free cash flow1 in Q1, reinforcing financial resilience; the Company has generated positive adjusted free cash flow1 in 7 of the last 9 quarters Cash Flows From CAPEX Operating Activities C$ millions C$ millions $2.2 $0.3 $1.4 $0.4 $0.2 $0.2 Q1-25
Slide 7: Key Financial Highlights
Key Financial Highlights Continued strength in gross margin1 and consistent Adjusted EBITDA2 generation on the back of cost discipline driving resiliency as net sales challenges persist (in millions of Canadian $ except for percentage information) Q1-26 Q1-25 Y-o-Y Net Sales $27.5 $34.7 -21% Gross
Slide 8: Outlook: Stabilization, Leadership Transition and Disciplined Capital Allocation
Outlook: Stabilization, Leadership Transition and Disciplined Capital Allocation 1 Operating Environment & Resilience → Meal kit category remains under pressure; no assumption of near-term recovery → Focus on operating efficiently at current demand levels → Continued emphasis on margin protection, c
Slide 9: Q&A
Q&A
Slide 10: Metrics and Non-IFRS Financial Measures
Metrics and Non-IFRS Financial Measures The table below defines metrics and non-IFRS financial measures used by the Company throughout this presentation. Non-IFRS financial measures do not have standardized definitions prescribed by IFRS and, therefore, may not be comparable to similar measures pres
Slide 11: Contact Information
Contact Information Roslane Aouameur CHIEF FINANCIAL OFFICER IR@makegoodfood.ca makegoodfood.ca