Record Revenue Growth
Mama's Creations reported a revenue increase of 18% year-over-year, reaching a record $35.3 million, primarily driven by volume growth and new product introductions.
Gross Margin Improvement
Gross margins returned to the near-term target range of 26.1% due to strategic CapEx investments and efficiency gains in procurement and production.
Strong Cash Flow and Balance Sheet
The company reported $6 million in cash flow from operations, with cash and equivalents rising to $12 million, positioning the company well for potential strategic acquisitions.
Operational Efficiency Gains
Labor efficiency improved significantly, with overtime hours declining nearly 70%, and new tumbling procedures increased yields by roughly 10%.
Successful New Product Introductions
New distribution wins and product placements at major retailers like Albertsons, BJ's, Costco, and Publix were achieved, boosting the product lineup.