gross margin
25–29 pct
FY 2027
management target
MAMA'S CREATIONS, INC.
Last · NASDAQ$12.98-0.23 (-1.74%)close · yahoo · 15h ago
Market cap$611.97M47.1M sh
P/E · TTM81.1fwd 36.1 · eps 0.16
Beta0.56vs S&P 500
Div yield0.00%annual · TTM
52w range
$9.907$21.00
Volume749.6Ksession
| Revenue | $208.6M |
|---|---|
| Operating income | $9.5M |
| Net income | $7.4M |
| Free cash flow | $17.3M |
| Operating margin | 4.5% |
| Net margin | 3.5% |
| Return on equity | 4.4% |
| Period | TTM 2026-07-31 |
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OpenFilings analyst
Our analyst
Agentic read of the latest earnings call — recommendation updates when we process a new transcript. Research synthesis, not investment advice.
Strong BuyBuyHoldSellStrong Sell
Strong profitable growth and distribution execution outweigh near-term margin and dilution risks.
Buy: Mama’s delivered 55% revenue growth to $54.6M, 69% adjusted EBITDA growth to $5.5M, and expanded EBITDA margin to 10.1%, while net income more than doubled to $2.6M.
Distribution momentum is tangible through Kroger, Costco, Walmart, and Sam’s Club, but the thesis still depends on lifting gross margin from 24.0% toward the mid-to-high-20% target and deploying the $138.6M cash balance accretively after substantial equity dilution.
Themes
- Revenue Growth
- Gross Margin Expansion
- Kroger Distribution
- Costco Mvm
- Walmart
- Sams Club
Near term
Kroger launches in more than 100 Louisville stores across four items, with potential expansion toward banner-wide distribution.
Costco’s second-half MVM is expected to be larger than last year and will cover all eight regions; actual velocity and duration remain the key proof points.
More than two dozen Q3 placements and the 300-club Sam’s Club panko chicken launch should support continued double-digit growth.
Gross margin should improve sequentially if Bay Shore absorption increases and the mix shifts toward higher-margin chicken-bottom products.
Walmart execution remains important: the business is above 2,300 stores, but lower-velocity sausage-and-peppers and meatloaf items may be replaced.
Longer term
The three-facility network reportedly has capacity to approximately double last year’s business, reducing the immediate need for major capacity investment.
Gross-margin expansion has a credible operational path through Bay Shore utilization, procurement savings, automation, and a higher chicken-bottom mix.
The company is moving toward larger acquisitions focused on capabilities, capacity, or customer access rather than small revenue additions; disciplined valuation and integration will determine value creation.
Retailer breadth and the one-stop-shop model are strengthening, but competitive advantage remains more execution- and relationship-based than demonstrably proprietary.
Seafood is a potential category expansion and M&A opportunity, though it would require different food-safety approvals, procurement, and production infrastructure.
Red flags
Management acknowledged that fast-selling portion chicken can outpace higher-margin chicken-bottom products, preventing mix improvement despite successful placements.
The 24.0% gross margin remains below the stated mid-to-high-20% target; the forecast improvement relies on unquantified velocity, mix, and Bay Shore efficiency assumptions.
The $108.6M equity offering materially increased liquidity but diluted existing holders; future M&A must generate sufficient returns to offset that dilution.
Costco and Kroger expansion figures are placement and forecast claims, while management provided limited quantified revenue or earnings contribution.
Bay Shore margin progress was not disclosed on a standalone basis because the company does not maintain facility-level P&Ls, limiting transparency on the acquisition’s remaining margin gap.
Management’s repeated emphasis on macro trends and a $1B revenue line of sight is aspirational; the call did not provide a detailed acquisition pipeline, valuation framework, or integration guardrails.
Forward outlook
revenue growth
—
FY 2027
management framework
OpenFilings analyst view from primary-source filings and earnings calls — not investment advice.
From latest 10-K · 2022-05-27
- Accumulated Deficit High
Red flags
- Accumulated Deficit High — Accumulated deficit / equity 152%
Upcoming earnings
9:00 PM UTC+1
Period
Oct 2026
Est. EPS
$0.06
Est. revenue
55.7M
Earnings transcripts
Documents
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