Edible Garden reports Q1 EPS ($2.47) vs ($341.14) last year

Reports Q1 revenue $2.718M vs $3.132M last year. “Our performance in the first quarter reflects the strength of our strategic direction and the disciplined execution of our product realignment,” said Jim Kras, Chief Executive Officer of Edible Garden (EDBL). “We are delivering on our plan to shift toward higher-margin, shelf-stable products that meet consumer demand and support long-term profitability. In line with this vision, we continue to invest in both our people and our infrastructure, including the expansion of our consumer-packaged goods (CPG) portfolio through product lines such as Kick. Sport Nutrition, Pickle Party, Squeezables, Pulp(R), and Vitamin Way(R)/Vitamin Whey(R). These brands are building strong momentum as we develop our omnichannel go-to-market strategy and deepen engagement with modern, health-conscious consumers. Already, these investments are beginning to yield results, particularly in our shelf-stable categories, where early retail traction and consumer response have exceeded expectations. We are also beginning to see tangible financial benefits from our strategy-most notably, a nearly fourfold increase in gross profit compared to the same period last year.”