Mama's Creations Reports Fourth Quarter and Fiscal Year 2026 Financial Results
Rhea-AI Summary
Mama's Creations (Nasdaq: MAMA) reported strong fiscal 2026 results: Q4 revenue +61% to $54.0M, FY revenue $171.7M (+39%), FY adjusted EBITDA $15.4M (+52%), net income $5.3M (+43%), and cash of $20.0M as of Jan 31, 2026.
The company cited the Bay Shore acquisition integration, new national retail placements (Walmart, Target, Food Lion, Costco Northeast everyday status), and improved operating cash flow as drivers.
AI-generated analysis. Not financial advice.
Positive
- Revenue +39% FY to $171.7M
- Q4 revenue +61% to $54.0M
- Adjusted EBITDA +52% FY to $15.4M
- Cash nearly tripled to $20.0M
- Major national retail placements secured (Walmart, Target, Costco)
Negative
- Q4 gross margin down to 25.9% from 27.0% due to Bay Shore ramp
- Operating expenses rose 40% FY to $35.9M
- Total debt of $5.4M on balance sheet
News Market Reaction – MAMA
On the day this news was published, MAMA declined 0.32%, reflecting a mild negative market reaction. Argus tracked a peak move of +3.8% during that session. Argus tracked a trough of -11.6% from its starting point during tracking. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $640.29M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Packaged foods peers are mixed: BGS -0.91%, WEST -2.04%, while LWAY +3.39% and OTLY +4.15%. Only one peer (SENEB) appears in momentum scans, moving down, suggesting today’s setup looks company-specific rather than a clear sector rotation.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 08 | Q3 2026 earnings | Positive | +28.1% | Strong Q3 growth with Crown 1 acquisition and financing package. |
| Sep 08 | Q2 2026 earnings | Positive | -4.9% | Solid Q2 results plus Crown 1 deal and capital raise. |
| Jun 03 | Q1 2026 earnings | Positive | +0.7% | Revenue and net income growth with new customers and efficiency gains. |
| Apr 08 | FY2025 results | Neutral | -0.3% | Strong Q4 and revenue growth but full-year net income decline. |
| Dec 16 | Q3 2025 earnings | Negative | -14.9% | Revenue up but sharp profit declines amid construction disruptions. |
Earnings releases have generally produced modestly positive reactions, with one notable selloff despite strong fundamentals.
Recent earnings from Mama’s Creations show consistent top-line growth and margin work, alongside strategic moves such as the all-cash $17.5M Crown 1 acquisition funded by a $20.0M private placement and a $27.4M credit facility. Prior quarters highlighted improving gross profit, expanding distribution to retailers like Target, Food Lion, Costco, and Amazon Fresh, and operational efficiencies including reduced overtime and higher yields. Earlier FY2025 results showed revenue growth but pressure on profitability, underscoring the transition toward higher, more stable margins reflected in later reports.
Historical Comparison
Past 5 earnings releases averaged a 1.73% move, with most reactions aligning to the generally positive fundamentals and growth narrative.
Earnings updates trace a progression from FY2025 margin pressure toward FY2026 strength, driven by revenue growth, integration of the Crown 1 acquisition, expanded retail distribution, and improving gross profit and EBITDA metrics.
Market Pulse Summary
This announcement highlights robust Q4 and FY2026 growth, with revenue reaching $171.7M, higher net income, and adjusted EBITDA of $15.4M, alongside a stronger cash position of $20.0M. It builds on a multi-quarter story of integrating the Crown 1 acquisition, expanding placements at retailers like Walmart, Target, Costco and Food Lion, and lifting margins. Investors may watch upcoming quarters for sustained gross margin improvement, disciplined operating expenses, and continued cash generation as key indicators of durability.
Key Terms
adjusted ebitda financial
non-gaap financial
gross margin financial
AI-generated analysis. Not financial advice.
Fourth Quarter Revenue Grows
EAST RUTHERFORD, NJ, April 14, 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 fourth quarter and fiscal year ended January 31, 2026.
Financial Summary:
| Three Months Ended Jan. 31, | Fiscal Year Ended Jan. 31, | |||||||||||||||||||||||
| $ in millions | 2026 | 2025 | % Increase | 2026 | 2025 | % Increase | ||||||||||||||||||
| Revenues | $ | 54.0 | $ | 33.6 | 61 | % | $ | 171.7 | $ | 123.3 | 39 | % | ||||||||||||
| Gross Profit | $ | 14.0 | $ | 9.1 | 54 | % | $ | 43.0 | $ | 30.5 | 41 | % | ||||||||||||
| Operating Expenses | $ | 10.9 | $ | 7.2 | 51 | % | $ | 35.9 | $ | 25.7 | 40 | % | ||||||||||||
| Net Income | $ | 2.2 | $ | 1.6 | 38 | % | $ | 5.3 | $ | 3.7 | 43 | % | ||||||||||||
| Earnings per Share (Diluted) | $ | 0.05 | $ | 0.04 | 25 | % | $ | 0.13 | $ | 0.09 | 44 | % | ||||||||||||
| Adj. EBITDA (non-GAAP) | $ | 5.5 | $ | 3.1 | 77 | % | $ | 15.4 | $ | 10.1 | 52 | % | ||||||||||||
Fourth Quarter Fiscal 2026 & Subsequent Operational Highlights:
- Continued successful integration initiatives at the Company's Bay Shore, NY facility acquired from Crown 1 Enterprises, with gross margin improvement on track toward mid-to-high
-20% corporate target, and cross-selling initiatives gaining traction with Crown 1's premium customer base. - Secured major new tier-1 national retail placements, including expansion at Wal-Mart, new introductions at Food Lion, confirmed wins at Target, as well as Everyday Item status in Costco’s Northeast region following a successful Costco National Multi-Vendor Mailer (MVM) with branded Beef Meatballs.
- Invited to present at leading investor conferences nationally, including the Craig-Hallum Alpha Select Conference, Stephens NASH25 Conference, ROTH Deer Valley Event, Oppenheimer Emerging Growth Conference, and the DA Davidson CEO Forum.
- Cash and cash equivalents as of January 31, 2026 totaled
$20.0 million , as compared to$7.2 million as of January 31, 2025. The increase was primarily driven by improved profitability, strong operating cash flow generation, and ongoing working capital optimization.
Management Commentary
Adam L. Michaels, Chairman and CEO of Mama's Creations, said: "Fiscal 2026 was a landmark year for Mama's Creations. We delivered
"On the operations front, the Bay Shore integration continues to be a resounding success. In just a few months, we have centralized procurement across all three facilities, transitioned production to optimize capacity utilization, and begun realizing meaningful cost synergies. Bay Shore's gross margin trajectory is on track toward our mid-to-high
"Our Costco partnership continues to accelerate – evolving from
"Our 4 Cs strategy – Cost, Controls, Culture, and Catapult – is driving growth at 5x the category rate. Product innovation including our NAE chicken offerings, artisan cut products, and successful panini line, are positioning us to capture share in a large, highly fragmented, underpenetrated market.
"Looking ahead, the combination of strong organic growth, expanding and deepening retail distribution, and a well-defined M&A strategy gives us confidence in our ability to deliver sustained, profitable growth and long-term value for our shareholders,” concluded Michaels.
Fourth Quarter and Full Year Fiscal 2026 Financial Results
Revenue for the fourth quarter of fiscal 2026 increased
Gross profit increased
Operating expenses totaled
Net income for the fourth quarter of fiscal 2026 increased
Adjusted EBITDA, a non-GAAP measure, increased
Cash and cash equivalents as of January 31, 2026 totaled
Conference Call
Management will host an investor conference call at 4:30 p.m. Eastern time today, Tuesday, April 14, 2026 to discuss the Company’s fourth quarter fiscal 2026 financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, please use the following information:
Q4 FY2026 Earnings Conference Call
Date: Tuesday, April 14, 2026
Time: 4:30 p.m. Eastern time
U.S. Dial-in: 1-877-451-6152
International Dial-in: 1-201-389-0879
Conference ID: 13759666
Webcast: MAMA Q4 FY2026 Earnings Conference Call
Please join at least five minutes before the start of the call to ensure timely participation.
A playback of the call will be available through Sunday, June 14, 2026. To listen, please call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using replay pin number 13759666. A webcast replay will also be available using the webcast link above.
About Mama’s Creations, Inc.
Mama's Creations, Inc. (Nasdaq: MAMA) is a leading marketer and manufacturer of fresh deli prepared foods, found in over 12,000 grocery, mass, club and convenience stores nationally. The Company's broad product portfolio, born from MamaMancini's rich history in Italian foods, now consists of a variety of high quality, fresh, clean and easy to prepare foods to address the needs of both our consumers and retailers. Our vision is to become a one-stop-shop deli solutions platform, leveraging vertical integration and a diverse family of brands to offer a wide array of prepared foods to meet the changing demands of the modern consumer. For more information, please visit mamascreations.com.
Use of Non-GAAP Financial Measures
This press release includes the following non-GAAP measure – adjusted EBITDA, which is not a measure of financial performance under GAAP and should not be considered as an alternative to net income as a measure of financial performance. The company believes this non-GAAP measure, when considered together with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to the company's results of operations. However, this non-GAAP measure has significant limitations in that it does not reflect all the costs and other items associated with the operation of the company's business as determined in accordance with GAAP. In addition, the company's non-GAAP measures may be calculated differently and are therefore not comparable to similar measures by other companies. Therefore, investors should consider non-GAAP measures in addition to, and not as a substitute for, or superior to, measures of financial performance in accordance with GAAP. For a definition and reconciliation of EBITDA to net income, its corresponding GAAP measure, please see the reconciliation table shown in this press release below.
US-GAAP Net Income to Adjusted EBITDA Reconciliation (Unaudited)
(in thousands)
| THREE MONTHS ENDED | Fiscal Year Ended | |||||||||||||||
| January 31, | January 31, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Net income available to common stockholders | $ | 2,232 | $ | 1,600 | $ | 5,286 | $ | 3,711 | ||||||||
| Depreciation | 1,171 | 535 | 3,270 | 1,592 | ||||||||||||
| Amortization | 493 | 286 | 1800 | 1571 | ||||||||||||
| Taxes | 731 | 287 | 1,565 | 995 | ||||||||||||
| Interest, net | 37 | 82 | 224 | 259 | ||||||||||||
| Stock-based compensation | 789 | 298 | 1,962 | 1,099 | ||||||||||||
| One time charges | 70 | 0 | 1,314 | 900 | ||||||||||||
| Adjusted EBITDA (Non-GAAP) | $ | 5,523 | $ | 3,088 | $ | 15,421 | $ | 10,127 | ||||||||
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include information about management's view of the Company's future expectations, plans and prospects, including future business opportunities or strategies and are generally preceded by words such as "anticipate," "believe," "eventually," "expect," "future," "may," "look forward to," "plan," "projected," "should," "will," and other words that convey the uncertainty of future events or outcomes. You are cautioned that such statements are subject to a multitude of known and unknown risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Certain of these risk factors and others are included in documents the Company files with the Securities and Exchange Commission, including but not limited to, the Company's Annual Report on Form 10-K for the year ended January 31, 2026, as well as subsequent reports filed with the Securities and Exchange Commission.
The Company has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other factors, contingencies, and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control. You are urged not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except as may be required by applicable law or regulation, the Company does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.
Investor Relations Contact:
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
(949) 259-4987
MAMA@mzgroup.us
www.mzgroup.us
Consolidated Balance Sheets
Mama's Creations, Inc.
(In thousands, except share and per share data)
| January 31, 2026 | January 31, 2025 | |||||||
| Assets: | ||||||||
| Current Assets: | ||||||||
| Cash and cash equivalents | $ | 19,951 | $ | 7,150 | ||||
| Accounts receivable, net | 13,072 | 8,131 | ||||||
| Inventories, net | 9,647 | 4,817 | ||||||
| Prepaid expenses and other current assets | 2,411 | 1,779 | ||||||
| Total Current Assets | 45,081 | 21,877 | ||||||
| Property, plant, and equipment, net | 20,108 | 9,387 | ||||||
| Intangible assets, net | 3,090 | 3,436 | ||||||
| Goodwill | 9,447 | 8,633 | ||||||
| Operating lease right of use assets, net | 7,877 | 3,376 | ||||||
| Deferred tax asset | — | 258 | ||||||
| Security deposits | 95 | 95 | ||||||
| Total Assets | $ | 85,698 | $ | 47,062 | ||||
| Liabilities and Stockholders’ Equity: | ||||||||
| Liabilities: | ||||||||
| Current Liabilities: | ||||||||
| Accounts payable and accrued expenses | $ | 17,800 | $ | 12,052 | ||||
| Term loan, net of debt discount of | 960 | 1,530 | ||||||
| Operating leases liabilities | 1,690 | 848 | ||||||
| Finance leases payable | 321 | 345 | ||||||
| Promissory notes – related parties | — | 2,250 | ||||||
| Total Current Liabilities | 20,771 | 17,025 | ||||||
| Term loan – net of current | 4,412 | 1,342 | ||||||
| Operating leases liability – net of current | 6,204 | 2,600 | ||||||
| Deferred tax liability | 813 | — | ||||||
| Finance leases payable – net of current | 878 | 1,199 | ||||||
| Total Long-Term Liabilities | 12,307 | 5,141 | ||||||
| Total Liabilities | 33,078 | 22,166 | ||||||
| Commitments and contingencies (Note 11 and 12) | ||||||||
| Stockholders’ Equity: | ||||||||
| Series A Preferred stock, | — | — | ||||||
| Series B Preferred stock, | — | — | ||||||
| Preferred stock, | — | — | ||||||
| Common stock, | — | — | ||||||
| Additional paid-in capital | 47,320 | 24,882 | ||||||
| Retained earnings | 5,450 | 164 | ||||||
| Less: Treasury stock, 230,000 shares at cost | (150 | ) | (150 | ) | ||||
| Total Stockholders’ Equity | 52,620 | 24,896 | ||||||
| Total Liabilities and Stockholders’ Equity | $ | 85,698 | $ | 47,062 | ||||
Consolidated Statements of Operations
Mama's Creations, Inc.
(in thousands, except per share data)
| For the Fiscal Years Ended January 31, | ||||||||||||
| 2026 | 2025 | 2024 | ||||||||||
| Net sales | $ | 171,714 | $ | 123,328 | $ | 103,284 | ||||||
| Costs of sales | 128,668 | 92,795 | 72,951 | |||||||||
| Gross profit | 43,046 | 30,533 | 30,333 | |||||||||
| Operating expenses: | ||||||||||||
| Research and development | 288 | 455 | 414 | |||||||||
| Selling, general and administrative | 35,646 | 25,201 | 21,029 | |||||||||
| Total operating expenses | 35,934 | 25,656 | 21,443 | |||||||||
| Income from operations | 7,112 | 4,877 | 8,890 | |||||||||
| Other income (expenses) | ||||||||||||
| Interest expense | (435 | ) | (477 | ) | (549 | ) | ||||||
| Interest income | 211 | 218 | — | |||||||||
| Amortization of debt discount | (37 | ) | (16 | ) | (22 | ) | ||||||
| Other income | — | 104 | 27 | |||||||||
| Total other expenses | (261 | ) | (171 | ) | (544 | ) | ||||||
| Income before income tax provision and income from equity method investment | 6,851 | 4,706 | 8,346 | |||||||||
| Income from equity method investment | — | — | 223 | |||||||||
| Income tax provision | (1,565 | ) | (995 | ) | (2,008 | ) | ||||||
| Net income | 5,286 | 3,711 | 6,561 | |||||||||
| Less: series B preferred dividends | — | — | (49 | ) | ||||||||
| Net income available to common stockholders | 5,286 | 3,711 | 6,512 | |||||||||
| Net income per common share | ||||||||||||
| – basic | $ | 0.14 | $ | 0.10 | $ | 0.18 | ||||||
| – diluted | $ | 0.13 | $ | 0.09 | $ | 0.17 | ||||||
| Weighted average common shares outstanding | ||||||||||||
| – basic | 38,902,364 | 37,427,571 | 36,814,162 | |||||||||
| – diluted | 41,380,364 | 39,418,571 | 38,381,407 | |||||||||
Consolidated Statements of Cash Flows
Mama's Creations, Inc.
(in thousands)
| For the Fiscal Years Ended January 31, | ||||||||||||
| 2026 | 2025 | 2024 | ||||||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||
| Net income | $ | 5,286 | $ | 3,711 | $ | 6,561 | ||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation | 3,270 | 1,592 | 1,043 | |||||||||
| Provision for credit losses | 90 | — | (140 | ) | ||||||||
| Amortization of debt discount | 37 | 16 | 22 | |||||||||
| Change in right of use assets | 1,405 | (1,585 | ) | 348 | ||||||||
| Amortization of intangible assets | 1,619 | 1,543 | 1,080 | |||||||||
| Stock-based compensation | 1,963 | 1,099 | 436 | |||||||||
| Allowance for obsolete inventory | 24 | — | 63 | |||||||||
| Change in deferred tax asset | 1,071 | 245 | 215 | |||||||||
| Income from equity method investment | — | — | (223 | ) | ||||||||
| Changes in operating assets and liabilities: | ||||||||||||
| Accounts receivable | (1,306 | ) | (272 | ) | 2,392 | |||||||
| Inventories | (3,518 | ) | (1,507 | ) | 263 | |||||||
| Prepaid expenses and other current assets | (868 | ) | (1,341 | ) | (540 | ) | ||||||
| Security deposits | — | — | (35 | ) | ||||||||
| Accounts payable and accrued expenses | 3,609 | 79 | 476 | |||||||||
| Operating lease liability | (1,261 | ) | 1,597 | (340 | ) | |||||||
| Net Cash Provided by Operating Activities | 11,421 | 5,177 | 11,621 | |||||||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||
| Purchase of property, plant and equipment | (1,654 | ) | (5,095 | ) | (786 | ) | ||||||
| Cash paid for acquisition of the business of Crown I Enterprises, Inc., net | (17,311 | ) | — | — | ||||||||
| Cash paid for acquisition/investment in Chef Inspirational Foods, LLC, net | — | — | (646 | ) | ||||||||
| Net Cash Used in Investing Activities | (18,965 | ) | (5,095 | ) | (1,432 | ) | ||||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||
| Net proceeds from the issuance of common stock | 18,927 | — | — | |||||||||
| Net proceeds from notes payable | 18,770 | — | — | |||||||||
| Repayments of debt | (16,305 | ) | (1,662 | ) | (1,652 | ) | ||||||
| Repayment of line of credit, net | — | — | (890 | ) | ||||||||
| Repayment of term loan - related party | (750 | ) | (1,950 | ) | (750 | ) | ||||||
| Repayment of finance lease obligations | (345 | ) | (397 | ) | (272 | ) | ||||||
| Payment of Series B Preferred dividends | — | — | (49 | ) | ||||||||
| Proceeds from exercise of options | 48 | 55 | 68 | |||||||||
| Net Cash Provided by (Used in) Financing Activities | 20,345 | (3,954 | ) | (3,545 | ) | |||||||
| Net Increase (Decrease) Increase in Cash | 12,801 | (3,872 | ) | 6,644 | ||||||||
| Cash and cash equivalents - Beginning of Period | 7,150 | 11,022 | 4,378 | |||||||||
| Cash and cash equivalents - End of Period | $ | 19,951 | $ | 7,150 | $ | 11,022 | ||||||
| SUPPLEMENTARY CASH FLOW INFORMATION: | ||||||||||||
| Cash Paid During the Period for: | ||||||||||||
| Income taxes | $ | 1,225 | $ | 1,477 | $ | 32 | ||||||
| Interest | $ | 435 | $ | 654 | $ | 634 | ||||||
| SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||||||||
| Finance lease asset additions | $ | — | $ | 511 | $ | 1,270 | ||||||
| Related party loan to finance acquisition | $ | — | $ | — | $ | 2,700 | ||||||
| Right of use asset recognized | $ | 6,357 | $ | 2,119 | $ | — | ||||||
| Write-off of right of use asset | $ | 451 | $ | 1,021 | $ | — | ||||||
| Issuance of stock for director settlement | $ | — | $ | 450 | $ | — | ||||||
| Common stock issued for payment of related party debt | $ | 1,500 | $ | — | $ | — | ||||||
| Receipt of fixed assets for deposits previously paid | $ | — | $ | 937 | $ | — | ||||||
| Settlement of liability in common stock | $ | — | $ | — | $ | 50 | ||||||
