Mama’s Creations Reports Second Quarter Fiscal 2027 Financial Results
Mama’s Creations delivered strong Q2 growth, expanded margins and materially increased cash through an equity raise to fund future M&A.
Rhea-AI Summary
Mama’s Creations (MAMA) reported Q2 fiscal 2027 revenue of $54.6 million, up 55% year-over-year, with net income rising 100.9% to $2.6 million, or $0.06 per diluted share.
Gross profit increased 49.1% to $13.1 million, while operating expenses rose to $10.1 million but declined to 18.5% of revenue from 20.1% a year earlier, improving operating leverage. Adjusted EBITDA grew 68.9% to $5.5 million, lifting margin to 10.1% from 9.3%.
The company closed a July 2026 common stock offering for approximately $108.6 million in net proceeds, driving cash and equivalents to $138.6 million as of July 31, 2026 versus $20.0 million on January 31, 2026, with total debt at $4.8 million.
Operationally, Mama’s launched over a dozen new placements, expanded with major banners including Costco and prepared for its first Kroger launch, while opening its East Rutherford facility expansion to reduce outside storage fees.
Positive
- Revenue +55% YoY to $54.6 million in Q2 fiscal 2027
- Net income +100.9% YoY to $2.6 million, EPS rising to $0.06
- Adjusted EBITDA +68.9% YoY to $5.5 million; margin up to 10.1%
- Operating expenses fell to 18.5% of revenue from 20.1%, showing leverage
- Cash and equivalents climbed to $138.6 million, aided by $11.9 million operating cash flow in six months
- Completed common stock offering with $108.6 million net proceeds to support future M&A
Negative
- Gross margin was 24.0%, down from 24.9% year-over-year despite sequential improvement
- Operating expenses in dollars increased 42.6% YoY to $10.1 million
- Common shares outstanding rose from 40.657 million to 47.145 million, indicating dilution for existing shareholders
- Trade spending increased by about $1 million versus the prior year, pressuring gross margin
News Explained
The July common-stock offering is complete; the balance sheet listed
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 08 | Q1 earnings report | Positive | -11.1% | Revenue, net income, EBITDA and retailer expansion all increased year over year. |
| Apr 14 | FY2026 earnings report | Positive | -0.3% | Quarterly and full-year revenue, EBITDA and net income delivered strong reported growth. |
| Dec 08 | Q3 earnings report | Positive | +28.1% | Revenue, gross profit and EBITDA increased alongside the Crown 1 acquisition. |
| Sep 08 | Q2 earnings report | Positive | -4.9% | Revenue, gross profit and EBITDA grew while Crown 1 acquisition was completed. |
| Jun 03 | Q1 earnings report | Positive | +0.7% | Revenue and net income increased with new customers and operational efficiency improvements. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings-specific history showed positive earnings releases aligned with gains twice and diverged three times; the recorded average move was 2.49%.
Key Terms
adjusted ebitda financial
non-gaap financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Second Quarter Revenue Grows
EAST RUTHERFORD, NJ, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Mama’s Creations, Inc. (Nasdaq: MAMA), a leading national marketer, manufacturer and distributor of fresh deli prepared foods, has reported its financial results for the second quarter ended July 31, 2026.
Financial Summary:
| Three Months Ended July 31, | ||||||||||||
| $ in millions | 2026 | 2025 | % Increase | |||||||||
| Revenues | $ | 54.6 | $ | 35.2 | 55.0 | % | ||||||
| Gross Profit | $ | 13.1 | $ | 8.8 | 49.1 | % | ||||||
| Operating Expenses | $ | 10.1 | $ | 7.1 | 42.6 | % | ||||||
| Net Income | $ | 2.6 | $ | 1.3 | 100.9 | % | ||||||
| Earnings per Share (Diluted) | $ | 0.06 | $ | 0.03 | 100.0 | % | ||||||
| Adj. EBITDA (non-GAAP) | $ | 5.5 | $ | 3.3 | 68.9 | % | ||||||
Second Quarter Fiscal 2027 & Subsequent Operational Highlights:
- Launched over a dozen new placements during the second quarter — more than
60% using chicken bottoms — the majority of which were cross-sells that brought products from the Company’s expanded brand family into banners Mama’s already serves, including Publix, Winn-Dixie, Albertsons and Shaw’s. - Selected for Costco second half multi-vendor mailer (MVM) — the retailer’s most productive promotional vehicle — across all eight regions nationally. Mama’s Costco business has grown from approximately
$0.5 million four years ago to over$25 million last fiscal year. - Approved over two dozen new placements for third quarter delivery — headlined by the Company’s first-ever planned launch in banner Kroger, beginning with four items in over 100 stores across the Louisville division, alongside expanded placements at Albertsons, BJ’s, Sam’s Club, Ahold, Food Lion, Fresh Thyme, Sheetz, Shaw’s and Winn-Dixie.
- Officially opened the East Rutherford expansion, adding critical freezer and refrigeration storage, which will result in lower outside storage fees, while building out upgraded locker rooms, break rooms and training spaces.
- Completed a public offering of common stock in July 2026, including full exercise of the underwriters’ option, for net proceeds of approximately
$108.6 million to support future M&A initiatives. - 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 July 31, 2026 grew to
$138.6 million , compared to$20.0 million as of January 31, 2026. The increase was primarily driven by the net proceeds of the Company’s July common stock offering, together with$11.9 million of cash generated from operations during the first six months of the fiscal year.
Management Commentary
Adam L. Michaels, Chairman and CEO of Mama’s Creations, said: “The second quarter was another step-change quarter for Mama’s. Thanks to the creativity of our sales team, the resilience of our operations team and the increased capacity from the September 2025 Bay Shore acquisition, revenue grew
“We also transformed our balance sheet. In July we completed a public offering for approximately
“Catapult – the fourth of our 4 Cs – is where this quarter really showed itself. We won over a dozen new placements, more than
“To conclude, the combination of
Second Quarter Fiscal 2027 Financial Results
Revenue for the second quarter of fiscal 2027 increased
Gross profit increased
Operating expenses totaled
Net income for the second quarter of fiscal 2027 increased
Adjusted EBITDA, a non-GAAP measure, increased
Turning to the balance sheet. Cash and cash equivalents as of July 31, 2026 totaled
Conference Call
Management will host an investor conference call at 4:30 p.m. Eastern time today, Thursday, September 3, 2026 to discuss the Company’s second quarter fiscal 2027 financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, please use the following information:
Q2 FY2027 Earnings Conference Call
Date: Thursday, September 3, 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: 13762347
Webcast: MAMA Q2 FY2027 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 Tuesday, November 3, 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 13762347. 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, manufacturer and distributor 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 https://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 July 31, | ||||||||
| 2026 | 2025 | |||||||
| Net income | $ | 2,565 | $ | 1,277 | ||||
| Depreciation | 1,177 | 583 | ||||||
| Amortization | 479 | 417 | ||||||
| Taxes | 739 | 368 | ||||||
| Interest, net | (324 | ) | 52 | |||||
| Stock-based compensation | 874 | 335 | ||||||
| M&A related costs | — | 230 | ||||||
| Adjusted EBITDA (Non-GAAP) | $ | 5,510 | $ | 3,262 | ||||
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 most recent Annual Report on Form 10-K, 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
Mama’s Creations, Inc.
Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| July 31, 2026 | January 31, 2026 | ||||||
| (Unaudited) | |||||||
| Assets: | |||||||
| Current Assets: | |||||||
| Cash and cash equivalents | $ | 138,617 | $ | 19,951 | |||
| Accounts receivable, net | 12,886 | 13,072 | |||||
| Inventories, net | 10,662 | 9,647 | |||||
| Prepaid expenses and other current assets | 1,651 | 2,411 | |||||
| Total Current Assets | 163,816 | 45,081 | |||||
| Property, plant, and equipment, net | 18,857 | 20,108 | |||||
| Intangible assets, net | 2,221 | 3,090 | |||||
| Goodwill | 9,447 | 9,447 | |||||
| Operating lease right of use assets, net | 6,992 | 7,877 | |||||
| Deposits | 95 | 95 | |||||
| Total Assets | $ | 201,428 | $ | 85,698 | |||
| Liabilities and Stockholders’ Equity: | |||||||
| Liabilities: | |||||||
| Current Liabilities: | |||||||
| Accounts payable and accrued expenses | $ | 20,525 | $ | 17,800 | |||
| Term loan, net of unamortized debt discount of | 983 | 960 | |||||
| Operating lease liabilities | 1,796 | 1,690 | |||||
| Finance leases payable | 333 | 321 | |||||
| Total Current Liabilities | 23,637 | 20,771 | |||||
| Term loan – net of current | 3,823 | 4,412 | |||||
| Operating lease liabilities – net of current | 5,272 | 6,204 | |||||
| Deferred tax liability | 581 | 813 | |||||
| Finance leases payable – net of current | 709 | 878 | |||||
| Total long-term liabilities | 10,385 | 12,307 | |||||
| Total Liabilities | 34,022 | 33,078 | |||||
| Commitments and contingencies (Notes 10 and 11) | |||||||
| Stockholders’ Equity: | |||||||
| Series A Preferred stock, | - | - | |||||
| Series B Preferred stock, | - | - | |||||
| Preferred stock, | - | - | |||||
| Common stock, | - | - | |||||
| Additional paid-in capital | 157,484 | 47,320 | |||||
| Retained earnings | 10,072 | 5,450 | |||||
| Less: Treasury stock, 230,000 shares at cost | (150 | ) | (150 | ) | |||
| Total Stockholders’ Equity | 167,406 | 52,620 | |||||
| Total Liabilities and Stockholders’ Equity | $ | 201,428 | $ | 85,698 | |||
Mama’s Creations, Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
(in thousands, except per share data)
| For the Three Months Ended July 31, | For the Six Months Ended July 31, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Net sales | $ | 54,582 | $ | 35,203 | $ | 107,348 | $ | 70,458 | ||||||||
| Costs of sales | 41,505 | 26,432 | 81,844 | 52,503 | ||||||||||||
| Gross profit | 13,077 | 8,771 | 25,504 | 17,955 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development | 94 | 55 | 181 | 128 | ||||||||||||
| Selling, general and administrative expenses | 9,991 | 7,016 | 19,667 | 14,549 | ||||||||||||
| Total operating expenses | 10,085 | 7,071 | 19,848 | 14,677 | ||||||||||||
| Income from operations | 2,992 | 1,700 | 5,656 | 3,278 | ||||||||||||
| Other income (expenses) | ||||||||||||||||
| Interest expense | (100 | ) | (77 | ) | (209 | ) | (165 | ) | ||||||||
| Interest income | 424 | 25 | 514 | 55 | ||||||||||||
| Amortization of debt discount | (12 | ) | (3 | ) | (23 | ) | (6 | ) | ||||||||
| Total other income (expenses) | 312 | (55 | ) | 282 | (116 | ) | ||||||||||
| Net income before income tax provision | 3,304 | 1,645 | 5,938 | 3,162 | ||||||||||||
| Income tax expense | (739 | ) | (368 | ) | (1,316 | ) | (648 | ) | ||||||||
| Net income | $ | 2,565 | $ | 1,277 | $ | 4,622 | $ | 2,514 | ||||||||
| Net income per common share | ||||||||||||||||
| – basic | $ | 0.06 | $ | 0.03 | $ | 0.11 | $ | 0.07 | ||||||||
| – diluted | $ | 0.06 | $ | 0.03 | $ | 0.10 | $ | 0.06 | ||||||||
| Weighted average common shares outstanding | ||||||||||||||||
| – basic | 42,736 | 37,687 | 41,717 | 37,643 | ||||||||||||
| – diluted | 45,319 | 39,744 | 44,334 | 39,708 | ||||||||||||
Mama’s Creations, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(in thousands)
| For the Six Months Ended July 31, | ||||||||
| 2026 | 2025 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
| Net income | $ | 4,622 | $ | 2,514 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depreciation | 2,340 | 1,137 | ||||||
| Amortization of debt discount | 23 | 6 | ||||||
| Amortization of right of use assets | 885 | 589 | ||||||
| Amortization of intangibles | 869 | 751 | ||||||
| Stock-based compensation | 1,454 | 640 | ||||||
| Change in deferred tax asset | (232 | ) | (258 | ) | ||||
| Changes in operating assets and liabilities, net of acquisition: | ||||||||
| Accounts receivable | 186 | 1,391 | ||||||
| Inventories | (1,015 | ) | (1,616 | ) | ||||
| Prepaid expenses and other current assets | 760 | 625 | ||||||
| Accounts payable and accrued expenses | 2,830 | (925 | ) | |||||
| Operating lease liability | (826 | ) | (520 | ) | ||||
| Net Cash Provided by Operating Activities | 11,896 | 4,334 | ||||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Purchase of fixed assets | (1,089 | ) | (1,053 | ) | ||||
| Net Cash Used in Investing Activities | (1,089 | ) | (1,053 | ) | ||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
| Repayment of debt | (589 | ) | (891 | ) | ||||
| Net proceeds from issuance of common stock | 108,557 | - | ||||||
| Repayment of finance lease obligations | (157 | ) | (193 | ) | ||||
| Proceeds from exercise of stock options | 48 | 37 | ||||||
| Net Cash Provided by (Used in) Financing Activities | 107,859 | (1,047 | ) | |||||
| Net Increase in Cash | 118,666 | 2,234 | ||||||
| Cash and cash equivalents at beginning of period | 19,951 | 7,150 | ||||||
| Cash and cash equivalents at end of period | $ | 138,617 | $ | 9,384 | ||||
| SUPPLEMENTARY CASH FLOW INFORMATION: | ||||||||
| Cash paid during the period for: | ||||||||
| Income taxes | $ | 858 | $ | 659 | ||||
| Interest | $ | 208 | $ | 152 | ||||
| SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||||
| Right-of-use asset and lease liability recognized | $ | - | $ | 4,156 | ||||
| Payment of related party debt | $ | - | $ | 1,500 | ||||
| Write-off of right-of-use asset | $ | - | $ | 451 | ||||
| Issuance of common stock for employee compensation | $ | 105 | $ | - | ||||
| Receipt of fixed assets for deposits previously paid | $ | - | $ | 74 | ||||
