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Goodfood Market (TSE:FOOD)
:FOOD
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Earnings Data
Report Date
Jan 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.03Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 14, 2019
|% Change Since: 8.89%
|Next Earnings Date:Nov 22, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted significant improvements in profitability and cash flow generation, successful acquisitions, and a strengthened customer value proposition. However, challenges such as a decline in net sales, a reduced active customer base, and macroeconomic pressures were also noted. Despite these challenges, the overall tone was optimistic with a focus on strategic growth and acquisitions.Company Guidance
During the Goodfood Q4 2024 earnings call, CEO Jonathan Ferrari highlighted significant financial improvements, including a 93% increase in adjusted EBITDA to $9.1 million, achieving a 6% margin compared to 3% in 2023. The company generated $7.6 million in free cash flow, marking its first full year of positive cash flow, which reduced net leverage from 4.4 to 2.5 turns. Despite a 9% decline in net sales to $34.1 million and a reduction in active customers to 101,000, net sales per active customer grew by 5% to $337. The company maintained a gross margin of 38%, and adjusted EBITDA for the quarter was $0.5 million, with seven consecutive quarters of positive adjusted EBITDA. The acquisition of Genuine Tea was highlighted as a strategic move to enhance Goodfood's brand portfolio, aligning with its vision of building a platform of next-generation, founder-led brands.Significant Growth in Adjusted EBITDA
Adjusted EBITDA nearly doubled year-over-year, reaching $9.1 million in fiscal 2024, representing a margin of 6%, compared to $4.7 million or a 3% margin in fiscal 2023.
First Full Year of Free Cash Flow Generation
Goodfood achieved $7.6 million in adjusted free cash flow for fiscal 2024, marking the first full year of free cash flow generation, which has helped reduce leverage significantly.
Successful Acquisition Strategy
The acquisition of Genuine Tea, a leading Canadian third wave craft tea company, aligns with Goodfood's strategy of building a portfolio of high-growth, profitable businesses.
Strong Customer Value Proposition
Expansion of the value plan offering recipes at $9.99 per serving, providing more affordability and variety to customers, resulting in a record number of new recipes added.
Consistent Profitability
Delivered seven consecutive quarters of positive adjusted EBITDA, with strong cost discipline and operational efficiencies driving this consistency.
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TSE:FOOD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:FOOD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 27, 2024 | C$0.45 | C$0.44 | -2.22% |
| Jul 16, 2024 | C$0.31 | C$0.32 | +3.23% |
| Apr 16, 2024 | C$0.32 | C$0.34 | +6.25% |
| Jan 16, 2024 | C$0.29 | C$0.32 | +10.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Goodfood Market (TSE:FOOD) report earnings?
Goodfood Market (TSE:FOOD) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is Goodfood Market (TSE:FOOD) earnings time?
Goodfood Market (TSE:FOOD) earnings time is at Jan 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:FOOD EPS forecast?
TSE:FOOD EPS forecast for the fiscal quarter 2025 (Q1) is -0.02.
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