NASDAQ$MAMA
Mamas Creations Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported record revenue and increased net income.
Mama's Creations reported a strong third quarter with record revenue of $28.7 million, a 11.5% increase year-over-year, and net income of $2.0 million, an 83.0% increase year-over-year. Gross profit also increased significantly, driven by successful pricing actions and improved efficiencies.
- Revenue for the third quarter of fiscal 2024 increased 11.5% to $28.7 million compared to the same period last year.
- Gross profit increased 31.6% to $8.6 million, representing 30.1% of total revenues.
- Net income for the third quarter of fiscal 2024 increased 83.0% to $2.0 million, or $0.05 per diluted share.
- Cash and cash equivalents as of October 31, 2023, were $5.6 million.
Headline financials
Revenue & EPS history
Mamas Creations · Revenue · Quarterly
$28.6M
Forward guidance
The company anticipates further margin enhancement through strategic investments, improved automation, and increased production capacity, positioning them to invest in trade promotion for continued revenue growth.
Tailwinds
- Opportunities for further margin enhancement in the next fiscal year.
- Leveraging strategic CapEx investments to build new in-house capabilities.
- Improving automation at production facilities.
- Building production capacity to support new tier-1 national customers.
- Promising results from early trade promotion tests with club stores.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2024
+1.4%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+8.1%
Avg return
30 days after
35%
7 / 20 earnings
Positive
+33.0%
Q3 2023
Best reaction
-17.1%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -11.1% | -2.0% | — | |
| Q4 2026 | +0.0% | -9.7% | -8.6% | |
| Q3 2026 | +27.8% | +19.2% | +14.1% | |
| Q2 2026 | -4.7% | -5.3% | +7.7% | |
| Q1 2026 | +0.0% | -0.4% | +11.5% | |
| Q4 2025 | -0.3% | -6.8% | -6.4% | |
| Q3 2025 | -12.9% | -21.3% | -18.2% | |
| Q2 2025 | -1.5% | -0.5% | +0.3% | |
| Q1 2025 | -2.7% | -8.7% | +1.9% | |
| Q4 2024 | +7.6% | +14.4% | +33.6% | |
| Q3 2024 | +10.7% | +9.6% | +28.8% | |
| Q2 2024 | -4.0% | -5.1% | -4.9% | |
| Q1 2024 | -7.4% | +11.3% | +37.3% | |
| Q4 2023 | +5.9% | +20.4% | +27.4% | |
| Q3 2023 | +33.0% | +20.5% | +62.5% | |
| Q2 2023 | -17.1% | -16.2% | -22.6% | |
| Q1 2023 | -2.8% | -2.8% | -3.5% | |
| Q4 2022 | +12.9% | +14.5% | +12.9% | |
| Q3 2022 | -5.9% | -5.9% | -7.9% | |
| Q2 2022 | +0.7% | +4.4% | -12.5% | |
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