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Oct 31, 2023
Mamas Creations Q3 2024 Earnings Report
Reported record revenue and increased net income.
Key Takeaways
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.
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.
Positive Outlook
- 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
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Avg. Return Before/After Earnings
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