Mama's Creations (MAMA) Company Report

Mama's Creations has significantly expanded its market presence, increasing from approximately 8,000 doors to 15,000 doors and growing items carried per store from under five to around seven since September 2022.
The company has achieved substantial margin expansion, with gross margin consistently in the mid- to high 20s%, up from 11.9% before the CEO joined. Production capacity has also doubled, with throughput increasing 40% last quarter year-over-year.
Costco sales have seen remarkable growth, from $540,000 in the CEO's first year to $10 million in the last fiscal year, and another $10 million in Q1 FY 2026 alone from a digital multi-vendor mailer.
Management targets Mama's Creations to become a billion-dollar business, with half of the growth from organic expansion (currently 20% year over year) and the other half from acquisitions, aiming for $500 million in acquired revenue and mid-teens EBITDA margin at scale.

Jan 13, 2026, 7:30 PM

Transcript

Mama's Creations Outlines Growth Strategy and Financial Ambitions at ICR Conference

MAMA

Revenue Acceleration/Inflection

M&A

Guidance Update

Mama's Creations, a manufacturer of fresh, deli-prepared foods, has expanded its store presence from approximately 8,000 doors to potentially 15,000 doors with recent entries into Target and Food Lion, and aims to significantly increase the average number of items carried per store.
The company has seen substantial growth in its Costco partnership, with sales increasing from $540,000 in its first year to $10 million last year, and another $10 million in Q1 of the current fiscal year through a digital multi-vendor mailer.
Operational improvements have led to gross margin expansion from 11.9% to consistently in the mid-to-high 20s%, and current facilities have the capacity to double revenue to $200 million.
CEO Adam Michaels projects Mama's Creations to become a billion-dollar business, with half of the growth from organic expansion (currently 20% year-over-year) and the other half from M&A, targeting mid-teens EBITDA margin at scale.

Jan 13, 2026, 7:30 PM

Transcript

Mama's Creations Discusses Growth Strategy and Operational Improvements

MAMA

Revenue Acceleration/Inflection

M&A

New Projects/Investments

Mama's Creations has expanded its store presence from 8,000 to approximately 15,000 doors and increased its average items carried per store from under five to around seven.
The company has significantly improved its gross margin from 11.9% to consistently in the mid-to-high 20s%, with existing facilities providing a revenue capacity of $200 million and the potential to double revenue.
Chairman and CEO Adam Michaels aims to grow Mama's Creations into a billion-dollar business, with half of the growth from organic expansion (currently 20% year over year) and the other half from acquisitions totaling $500 million in revenue.
The company's M&A strategy focuses on acquiring capabilities, incremental customers, and capacity within the deli space, with the integration of the Crown One acquisition exceeding expectations.

Jan 13, 2026, 7:30 PM

Transcript

Mama's Creations Reports Strong Q3 Fiscal 2026 Financial Results and Crown 1 Integration

MAMA

Earnings

M&A

Revenue Acceleration/Inflection

Mama's Creations reported third quarter fiscal 2026 revenues of $47.3 million, a 50.0% year-over-year increase from $31.5 million in the prior year quarter, driven by double-digit organic sales momentum and the integration of the Crown 1 asset acquisition.
Net income increased 31.7% to $0.5 million and diluted earnings per share remained $0.01 for Q3 fiscal 2026, compared to $0.4 million and $0.01, respectively, in the same year-ago quarter. Adjusted EBITDA significantly increased by 118.0% to $3.8 million.
The company completed the acquisition of Crown I Enterprises for $17.5 million, which added $56.8 million in revenue for the 12 months ended June 28, 2025, and was funded through a $20.0 million private placement and an amended $27.4 million long-term credit facility.
New tier-one national placements were secured at Target and Food Lion, with shipments to Target stores expected to begin in February 2026 and Food Lion shipments starting in December 2025.
Cash and cash equivalents totaled $18.1 million as of October 31, 2025, an increase from $7.2 million as of January 31, 2025, primarily due to improved profitability, working capital optimization, and the private placement.

Dec 8, 2025, 9:47 PM

8-K

MAMA Reports Strong Q3 2026 Financial Results, Driven by Crown One Acquisition and Retail Expansion

MAMA

Earnings

M&A

Revenue Acceleration/Inflection

Mama's reported robust financial results for Q3 2026, with revenue increasing 50% to $47.3 million and Adjusted EBITDA growing 118% to $3.8 million compared to the same year-ago quarter.
The company completed the strategic acquisition of Crown One, integrating the Bayshore facility, which has already led to 100% centralized procurement and reduced beef costs, contributing to a 56.6% increase in gross profit to $11.1 million.
Mama's significantly expanded its retail presence, securing new wins with Target (staged rollout to 1,995 stores) and Food Lion (entering 1,100 stores this month).
Operational improvements, including the transition to a make-to-stock organization and capacity expansion at Bayshore and the New Jersey facility, are in place to support the long-term $1 billion revenue ambition.

Dec 8, 2025, 9:30 PM

Transcript

Mama's Creations Reports Strong Q3 2026 Financial Results Driven by Acquisition and Organic Growth

MAMA

Earnings

M&A

Revenue Acceleration/Inflection

Mama's Creations reported a 50% increase in revenue to $47.3 million for Q3 Fiscal 2026, with year-to-date organic growth remaining at 20%. Gross profit grew 56.6% to $11.1 million, representing 23.6% of total revenues. Net income increased 31.7% to $0.5 million ($0.01 per diluted share), and Adjusted EBITDA surged 118% to $3.8 million.
The acquisition of Crown One (Bay Shore facility) was a key driver of revenue growth and strategic expansion. Integration efforts led to 100% centralization of Bay Shore's procurement within three months, resulting in double-digit beef cost reductions and increased network capacity.
The company secured new tier-one national retail wins with Target (shipping to 1,995 stores) and Food Lion (entering 1,100 stores). Operational efficiencies included a transition to a make-to-stock organization for high-velocity items, increased chicken throughput by nearly 40%, and a reduction in overtime by over 400 basis points.

Dec 8, 2025, 9:30 PM

Transcript

Mama's Creations Reports Strong Q3 2026 Results Driven by Acquisition and Retail Expansion

MAMA

Earnings

M&A

Revenue Acceleration/Inflection

Mama's Creations reported strong financial results for Q3 fiscal 2026, with revenue increasing 50% to $47.3 million and Adjusted EBITDA growing 118% to $3.8 million, largely attributed to the Crown One acquisition and 20% year-to-date organic growth.
The recent acquisition of Crown One and its Bayshore facility was a key strategic move, contributing to revenue, centralizing procurement, and is expected to elevate Bayshore's gross margin to the corporate average within the next year.
The company significantly expanded its retail presence, securing new partnerships with Target (staged rollout to 1,995 stores starting February) and Food Lion (entering 1,100 stores this month), in addition to a national Costco MVM in Q4.
Operational efficiencies include a successful transition to a make-to-stock model for high-velocity items, improving service levels and reducing overtime, and plans to expand capacity at the New Jersey and Bayshore facilities to support future growth.

Dec 8, 2025, 9:30 PM

Transcript

Mama's Creations Acquires Crown I Enterprises and Announces Private Placement

MAMA

M&A

Debt Issuance

Guidance Update

Mama's Creations acquired substantially all assets of Crown I Enterprises Inc., a fresh protein manufacturer, for $17.5 million in cash. Crown I Enterprises generated $56 million in profitable revenue in FY25.
This acquisition is expected to increase Mama's Creations' sales base by nearly 40% and contribute to its goal of reaching $1 billion in annual revenue by 2030.
The acquisition is being financed through a combination of an amended $27.4 million senior secured credit facility with M&T Bank and a private placement of 2,666,667 shares of common stock at $7.50 per share, expected to generate approximately $20.0 million in gross proceeds. The private placement is expected to close on or about September 3, 2025.
For Q2 fiscal 2026, Mama's Creations anticipates revenue of at least $34.0 million, representing at least 20% growth, and net income of at least $1.2 million.

Sep 2, 2025, 12:45 PM

8-K

Mama's Creations Outlines Growth Strategy and Financial Targets for Upcoming Year

MAMA

Guidance Update

New Projects/Investments

M&A

Mama's Creations targets double-digit top-line growth and at least high twenties gross profit in the short term, aiming for 10% net income. The company plans to reach $1 billion in revenue, with $500 million from inorganic growth through 4-5 acquisitions over the next five years, ideally one per year, with the first deal projected at $33-$77 million.
The new Farmingdale facility has more than doubled production capacity, adding 10,000 sq ft. Mama's Creations expects to trim half of its chicken in-house by the end of Q2, which is anticipated to save over $1 per pound and contribute one point of gross margin for every additional day of trimming.
The company has expanded its market reach, with 45% of sales now west of the Ohio River, securing major accounts like Walmart (generating over $5 million in business since fall) and entering the convenience channel with Sheetz. To support this growth, Mama's Creations plans to double its trade promotion spend and increase marketing spend by 100% year over year.

Feb 12, 2025, 5:30 PM

Transcript

Mama's Creations Outlines Growth Strategy and Operational Enhancements at Investor Day 2025

MAMA

Guidance Update

New Projects/Investments

M&A

Mama's Creations aims to become a $1 billion company, with half of that growth coming organically and the other half from inorganic acquisitions. The company has strengthened its balance sheet, moving from having debt to tons of cash and no debt , and projects net income to grow from lower single digits to higher single digits, ultimately targeting 10% net income.
The company has completed construction at its Farmingdale facility, more than doubling capacity and adding 10,000 sq ft of production capability. Additionally, Mama's Creations has acquired over 20,000 sq ft of adjacent space in East Rutherford for future optimization.
Mama's Creations plans for four to five acquisitions over the next five years to achieve $500 million in revenue from inorganic growth, typically targeting one acquisition per year. The first acquisition was approximately $77.16 million, with subsequent deals expected to be larger.
The company has expanded its market reach, with 45% of sales now west of the Ohio River , and has successfully entered Walmart and expanded into all eight Costco divisions.