Mama's Creations Reports First Quarter Fiscal 2027 Financial Results

About this update from Mama's Creations, Inc.

First Quarter Revenue Grows 50% to $52.8 Million; Net Income Increases 66% to $2.1 Million with Adjusted EBITDA Up 71% to $4.9 Million; Cash Position Grows to $24.4 Million EAST RUTHERFORD, NJ, June 08, 2026 (GLOBE NEWSWIRE) -- Mama’s Creations, Inc. (Nasdaq: MAMA), a leading national marketer and manufacturer of fresh deli prepared foods, has reported its financial results for the first quarter ended April 30, 2026. Financial Summary: Three Months Ended April 30, $ in millions 2026 2025 % Increase Revenues $52.8 $35.3 50%Gross Profit $12.4 $9.2 35%Operating Expenses $9.8 $7.6 28%Net Income $2.1 $1.2 66%Earnings per Share (Diluted) $0.05 $0.03 67%Adj. EBITDA (non-GAAP) $4.9 $2.8 71% First Quarter Fiscal 2027 & Subsequent Operational Highlights: Successfully launched over a dozen new items with major retailers during the quarter, including new branded introductions across Wal-Mart, Target and Food Lion, supported by the introduction of new packaging technologies and protein form factors for select new product launches.Won Costco Everyday Item status for branded beef meatballs in the San Diego region — building on a successful National MVM that earned the same status in the Northeast in the fourth quarter of fiscal 2026.Completed the ERP transition of the legacy Bay Shore system to the Company’s enterprise-wide ERP system, creating a single, unified system for sales, procurement, production, inventory, and accounting.Invited to attend leading investor conferences nationally, including the BMO Farm to Market Conference, Craig-Hallum Institutional Investor Conference, TD Cowen Future of the Consumer Conference, William Blair Growth Conference, Oppenheimer Consumer Growth Conference, and the D.A. Davidson Consumer Conference.Cash and cash equivalents as of April 30, 2026 grew to $24.4 million, compared to $20.0 million as of January 31, 2026. The change in cash and cash equivalents was primarily driven by improved profitability, strong operating cash flow generation, and ongoing working capital optimization. Total debt stood at $5.1 million as of April 30, 2026. Management Commentary Adam L. Michaels, Chairman and CEO of Mama's Creations, said: "Fiscal 2027 is off to a strong start. We delivered 50% revenue growth to $52.8 million in the first quarter, and importantly, we did so while lapping nearly a $10 million digital Costco MVM in the prior-year quarter. G...

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