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Jan 31, 2024
Mamas Creations Q4 2024 Earnings Report
Reported a 17% increase in revenue and $6.7 million in cash flow from operations, driven by strong operational execution and a focus on the company's '4 Cs' strategy.
Key Takeaways
Mama's Creations reported a strong fourth quarter with a 17% increase in revenue to $26.7 million. The company's gross margin profile expanded, and net income totaled $1.4 million. Cash and cash equivalents increased to $11.0 million, driven by cash flow from operations.
Revenue increased by 17% to $26.7 million compared to the same quarter last year.
Gross profit increased by 22% to $7.8 million, representing 29.3% of total revenues.
Net income totaled $1.4 million, or $0.04 per diluted share, compared to $1.8 million, or $0.06 per diluted share, in the same year-ago quarter.
Cash and cash equivalents increased to $11.0 million, driven by $6.7 million in cash flow from operations during the quarter.
Forward Guidance
The company expects strong, profitable growth in the quarters ahead, driven by tailwinds in the deli space, new SKUs, new customers, and investments in marketing and trade promotion. Mama's Creations aims to be a consolidator in the fragmented prepared foods market.
Positive Outlook
- Compelling and growing opportunity in the deli space as consumer preferences shift toward fresh, deli-prepared foods.
- Several levers available to drive growth, including new SKUs in existing customers, new tier-1 customers, and continued investments in marketing & trade promotion.
- Robust landscape of attractively priced M&A opportunities.
- Potential to serve as a consolidator in the fragmented prepared foods market.
- Aims to emerge as a leading one-stop-shop deli solution nationally.
Challenges Ahead
- No specific negative forward-looking statements were found in the provided text.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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