Mama’s Creations, Inc. (Nasdaq: MAMA) reported financial results for the second quarter ended July 31, 2026, showing a significant increase in revenue and cash reserves. The company announced that revenue for the period increased 55.0% to $54.6 million, compared to $35.2 million in the same quarter of the prior year.
Key financial metrics for the three months ended July 31, 2026, included:
- Gross Profit: $13.1 million, representing 24.0% of revenue.
- Operating Expenses: $10.1 million, which was 18.5% of revenue.
- Net Income: $2.6 million, or $0.06 per diluted share.
- Adjusted EBITDA: $5.5 million, or 10.1% of revenue.
The company noted that the increase in revenue was primarily driven by the ramp of new branded items launched in the first quarter, item expansion at new and existing customers, and the contribution from the Bay Shore acquisition. Management highlighted that operating expenses as a percentage of revenue declined to 18.5% from 20.1% in the prior year, demonstrating improved operating leverage.
In terms of balance sheet strength, cash and cash equivalents as of July 31, 2026, totaled $138.6 million. This represents a substantial increase from $20.0 million as of January 31, 2026. The company stated that the increase was driven by approximately $108.6 million of net proceeds from a common stock offering completed in July 2026, alongside $11.9 million of cash generated from operations during the first six months of fiscal 2027.
Operational highlights for the quarter included the launch of over a dozen new product placements, with more than 60% utilizing chicken bottoms. The company noted that the majority of these were cross-sells bringing products into banners it already serves, such as Publix, Winn-Dixie, Albertsons, and Shaw’s. Additionally, the company was selected for a Costco second-half multi-vendor mailer across all eight regions nationally, with its Costco business growing from approximately $0.5 million four years ago to over $25 million in the previous fiscal year.
Management also announced that it has approved over two dozen new placements for delivery in the third quarter, headlined by the first-ever planned launch in Kroger, beginning with four items in over 100 stores across the Louisville division. The company plans to host an investor conference call on September 3, 2026, at 4:30 p.m. Eastern time to discuss these results.
