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

Total Revenue

$28.6M

Previous: $26M+10.0%
EPS (adj)

$0.05

Previous: $0.03+66.7%
Gross margin

30.1%

Previous: 25.5%+18.0%
OpEx as % of revenue

20.7%

Previous: 19.7%+5.1%
Capital Expenditures

-$671K

Previous: -$508K-32.2%
Free Cash Flow

$1.34M

Previous: $590K+126.6%
Net Income

$2.01M

Previous: $1.1M+83.0%
Operating Income

$2.71M

Previous: $1.5M+80.6%
Gross Profit

$8.64M

Previous: $6.56M+31.5%
Cash & Equivalents

$5.63M

Previous: $3.48M+61.7%
Total Assets

$42.5M

Previous: $33.2M+28.1%
R&D Expense

$124K

No prior period
Stock-Based Comp

$110K

Previous: $23.6K+364.9%

Revenue & EPS history

Mamas Creations · Revenue · Quarterly

$28.6M

Q3 2024+10%vs Q3 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

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

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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%
Q1 2022———
Q4 2021———
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Q3 2015———
Q2 2012———
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Q3 2011———
Q2 2011———
Q1 2011———

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