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Happy Belly Food Group
(OTC:HBFG)
Happy Belly Food Group (HBFG) vs. iShares MSCI Canada ETF (EWC)
Happy Belly Food Group Business Overview & Revenue Model
Happy Belly Food Group Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.07M | 5.41M | 2.73M | 1.20M | 102.13K |
| Gross Profit | 5.46M | 2.96M | 1.21M | 606.57K | 102.13K |
| EBITDA | -938.00K | -678.00K | -1.94M | -26.00M | -4.27M |
| Net Income | -2.36M | -1.92M | -2.74M | -26.58M | -4.38M |
Balance Sheet | |||||
| Total Assets | 9.34M | 5.85M | 4.28M | 3.67M | 5.29M |
| Cash, Cash Equivalents and Short-Term Investments | 3.56M | 1.58M | 1.16M | 1.01M | 4.14M |
| Total Debt | 5.20M | 5.34M | 2.90M | 338.02K | 70.22K |
| Total Liabilities | 6.91M | 6.41M | 3.50M | 592.71K | 799.24K |
| Stockholders Equity | 2.18M | -723.22K | 716.50K | 3.05M | 4.49M |
Cash Flow | |||||
| Free Cash Flow | -1.03M | -1.08M | -1.74M | -4.18M | -1.80M |
| Operating Cash Flow | -888.54K | -722.92K | -1.62M | -4.18M | -1.78M |
| Investing Cash Flow | -12.73K | -350.68K | -31.03K | -664.55K | 144.59K |
| Financing Cash Flow | 3.12M | 1.24M | 1.82M | 1.64M | 5.47M |
Happy Belly Food Group Technical Analysis
Happy Belly Food Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $26.91B | 15.06 | -4.01% | 3.23% | 1.02% | 2.11% | |
52 Neutral | C$145.00M | ― | -183.38% | ― | 100.08% | -22.44% | |
| $36.60M | ― | -137.64% | ― | ― | ― | ||
| $21.68M | ― | -4.42% | ― | ― | ― | ||
69 Neutral | C$31.02M | 11.52 | 4.88% | ― | 26.10% | ― | |
25 Underperform | C$48.08M | ― | 82.98% | ― | 27.66% | 63.69% | |
| $6.48M | ― | ― | ― | ― |
Happy Belly Food Group Corporate Events
Happy Belly Food Group has announced the signing of a new franchise agreement and secured a prime real estate location in Toronto for its iQ Food Co. brand, marking its third operational brand in the area. This expansion is part of a broader strategy to grow iQ Food Co., a premium healthy eating brand, which has seen a 75% increase in unit count since its acquisition. The company plans to open 65 new iQ locations across Canada, aiming to double system sales within a year and strengthen its presence in key urban markets.
Happy Belly Food Group Inc. announced a significant milestone with the simultaneous opening of four new restaurant locations, including iQ Food Co., Heal Wellness, and Rosie’s Burgers at the Shops at Don Mills in Toronto and another Heal Wellness in Bolton. This expansion marks the company’s largest single-day opening event, increasing its total store count to 61. The strategic partnership with Cadillac Fairview and the innovative shared space model are key factors in Happy Belly’s rapid growth, enhancing its market presence and offering diverse dining options to new and existing customers.
Happy Belly Food Group’s Heal Wellness has signed a multi-unit franchise agreement to open five new stores on Vancouver Island, British Columbia. This expansion aligns with the region’s health-conscious demographics and supports the company’s goal of becoming Canada’s first coast-to-coast smoothie bowl brand. The move is part of Happy Belly’s broader strategy to accelerate growth through organic development and targeted acquisitions, with a pipeline of 551 franchise locations in planning, construction, or operation.
Happy Belly Food Group’s Heal Wellness brand has secured a prime real estate location in Charlottetown, Prince Edward Island, marking a significant step in its national expansion strategy. This development is part of Happy Belly’s broader plan to grow its franchise network across Canada, enhancing its market presence and solidifying Heal Wellness as a leading national smoothie bowl brand.
Happy Belly Food Group has announced a significant expansion of its Heal Wellness brand with a 15-unit area development agreement in Manitoba, Canada. This move solidifies Heal’s presence in all 10 Canadian provinces, marking a major milestone in Happy Belly’s growth strategy. The expansion into Manitoba, with its vibrant urban centers and supportive community, positions Heal Wellness as a national leader in the smoothie bowl market. This strategic growth is expected to enhance Happy Belly’s revenue and profitability through both corporate and franchised locations.
Happy Belly Food Group’s Heal Wellness brand has announced the opening of its fourth location in Toronto, marking a significant expansion in a high foot-traffic area. This development is part of Happy Belly’s broader strategy to grow through a mix of organic expansion and strategic acquisitions, with 591 franchise locations committed across Canada, highlighting the company’s strong growth trajectory and commitment to its stakeholders.
Happy Belly Food Group has announced a significant expansion for its Heal Wellness brand, signing a 40-unit area development agreement for Quebec. This move enhances Heal’s presence to nine provinces in Canada, reflecting strong demand for its fresh smoothie bowls and smoothies. The expansion is part of Happy Belly’s strategy to capitalize on the lack of a clear category leader in Quebec, leveraging its asset-light franchise model for disciplined growth and long-term shareholder value.
Happy Belly Food Group’s Rosie’s Burgers has signed its first location at the University of British Columbia, marking a significant step in its expansion in British Columbia. This strategic location is expected to benefit from the large student population and ongoing campus developments, providing a strong demand for Rosie’s offerings. The move aligns with Happy Belly’s strategy to grow its presence in the quick-service restaurant sector through a mix of corporate-owned and franchise locations, leveraging strategic site selection and operational support to ensure scalable growth.
Happy Belly Food Group has announced a significant expansion of its Rosie’s Burgers brand through a 10-unit area development agreement in Saskatchewan, Canada. This move is part of a broader national expansion strategy, aiming to position Rosie’s as a leading smash burger brand across Canada. The agreement highlights Happy Belly’s dual-track growth approach, combining corporate store development with an asset-light franchise model, and underscores the company’s commitment to organic growth and market penetration. The expansion into Saskatchewan is strategically significant due to the province’s favorable business environment and growing demand for high-quality, locally sourced food options.
Happy Belly Food Group’s Rosie’s Burgers has signed its first franchise agreement in Halifax, Nova Scotia, marking its entry into Atlantic Canada. This expansion is part of a broader national growth strategy, leveraging both corporate store development and an asset-light franchise model to accelerate growth across Canada. The agreement underscores the company’s robust franchise support system and positions Rosie’s Burgers for long-term success in a market with strong demographic and economic potential.
Happy Belly Food Group has announced a significant expansion into the U.S. market with a 10-unit development agreement for its Heal Wellness brand in the Greater Dallas-Fort Worth area. This strategic move aims to capitalize on the region’s health-conscious population and favorable climate, enhancing the company’s growth and presence in North America. The partnership with a local developer is expected to accelerate this expansion, leveraging their expertise and local market knowledge.
Happy Belly Food Group has announced the opening of its 23rd Heal Wellness location in Kingston, Ontario, marking its 13th location in the province. This expansion is part of the company’s strategy to grow its national footprint through organic growth and strategic acquisitions, with multiple new units under construction across Canada. The new location is strategically placed near Queen’s University, catering to a vibrant community of students, professionals, and families who prioritize health and convenience. The company aims to capitalize on the demand for health-focused food options in the area, expecting Heal Wellness to become a community favorite.
Happy Belly Food Group has announced the opening of a new Rosie’s Burgers location in Burlington, Ontario, marking its second opening this year. The expansion is part of a strategic growth plan that includes a mix of corporate-owned and franchise locations, with 95 units secured under area-development agreements across Canada. This new location, sharing space with a Starbucks, is expected to enhance convenience and appeal for customers. The company is actively engaging with various groups to accelerate its expansion and has 531 contractually committed retail franchise locations in development or operation, aiming for sustained growth and a strong market presence.
Happy Belly Food Group has announced the signing of its second franchise agreement in Atlantic Canada, marking its first entry into Nova Scotia with a new location in Halifax. This expansion is part of Happy Belly’s national growth strategy, with 130 units secured under development agreements and multiple units under construction in Alberta, British Columbia, and Ontario. The move into Halifax is expected to be a key growth pillar for the company, enhancing its market presence and accelerating its national expansion.
Happy Belly Food Group’s Heal Wellness has signed its first franchise agreement in Atlantic Canada, marking a significant step in its national expansion strategy. This agreement in Prince Edward Island is part of the company’s broader plan to increase its footprint across Canada, with 531 franchise locations committed and more projects expected throughout 2025 and 2026.
Happy Belly Food Group has announced the opening of its 22nd Heal Wellness location in the University District of the University of Calgary. This marks the company’s seventh location in Alberta and tenth in Western Canada, contributing to a total of 54 restaurants in its network. The expansion is part of Happy Belly’s strategy to accelerate growth through organic initiatives and strategic acquisitions, aiming to become a predictable, disciplined growth company. With 531 contractually committed retail franchise locations, Happy Belly is focused on selecting the right franchise partners and securing optimal real estate to achieve its development goals.
Happy Belly Food Group has reported its 12th consecutive record quarter of growth and its first quarter of positive net income from operations, marking a significant milestone in its growth trajectory. The company achieved a 101% increase in system sales and a 95% rise in total revenues compared to the same quarter last year, driven by organic growth, accretive acquisitions, and an increase in restaurant locations. With 50 operating restaurants by the end of Q1 2025, Happy Belly continues to focus on both organic and inorganic growth, positioning itself strongly in the market and delivering value to shareholders.
Happy Belly Food Group Inc. announced it will release its first quarter results on May 21, 2025, after market close. The company has introduced a Q&A facility on its website for shareholders to submit questions, aiming to provide ongoing access to information about its strategy and operations, enhancing transparency and engagement with investors.
Happy Belly Food Group has announced the opening of its 21st Heal Wellness location in Grand Bend, Ontario, marking a significant step in its nationwide expansion strategy. The new location is expected to capitalize on Grand Bend’s vibrant beachside community and growing demand for wellness-focused dining, further solidifying Happy Belly’s market position and supporting its goal of becoming a predictable, disciplined growth company.
Happy Belly Food Group has acquired the remaining 50% of Heal Wellness, making it a wholly owned subsidiary. This strategic move is part of Happy Belly’s broader acquisition strategy, which has resulted in significant growth for Heal Wellness, expanding from 2 to 20 locations and achieving a tenfold increase in business. The acquisition is expected to enhance shareholder value and support Happy Belly’s plans to double its store count and EBITDA within 12-18 months, further solidifying its position in the Canadian QSR market.
Happy Belly Food Group has announced the opening of a new Heal Wellness location in Calgary’s Historic Alberta Block, marking the 20th system-wide location for the brand. This expansion is part of a broader strategy to grow the company’s footprint across Canada, with a contractual commitment for 130 total units and a focus on securing prime real estate. The company’s growth strategy includes both organic initiatives and strategic acquisitions, with 531 contractually committed retail franchise locations across its brands. This expansion is expected to enhance the company’s market positioning and provide significant opportunities for stakeholders.
Happy Belly Food Group has announced the signing of its first real estate location for the Yolks Breakfast franchise in Quebec, marking a significant expansion into the province. This move is part of Happy Belly’s accelerated franchising program, which now includes franchise agreements in four Canadian provinces and 51 units contractually committed for Yolks. The expansion into Quebec is expected to contribute significantly to the company’s revenue and profitability, as the breakfast category continues to grow rapidly in the restaurant industry.
Happy Belly Food Group Inc. announced the signing of its ninth franchise agreement and real-estate location for Yolks Breakfast in Tsawwassen, British Columbia. This expansion underscores the company’s expertise in franchising and its strategic focus on the rapidly growing breakfast sector. The new location, expected to open in Q4 2025, marks the fourth Yolks in British Columbia and the seventh in Western Canada. Happy Belly’s asset-light strategy and extensive experience in growing brands position Yolks to become a leading national brand in the breakfast category, further strengthening its market position and driving profitability.
Happy Belly Food Group has announced a significant expansion of its Yolks Breakfast brand with a new area development agreement in Atlantic Canada, which includes Nova Scotia, New Brunswick, P.E.I, and Newfoundland and Labrador. This agreement will add 10 new Yolks locations, contributing to a total of 61 contractually committed units across eight provinces. The expansion is part of Happy Belly’s strategy to establish Yolks as a leading national brand, leveraging strong franchising interest and a disciplined growth approach. This move is expected to significantly contribute to the company’s revenue and profitability, as breakfast remains one of the fastest-growing restaurant sectors.
Happy Belly Food Group has announced the opening of its newest Via Cibo Italian restaurant location in Barrhaven, Ottawa, marking a significant milestone as it is the first multi-unit franchisee for the brand. This expansion reflects Happy Belly’s strategy to grow its brands through franchising, capitalizing on Barrhaven’s growing population and demand for diverse dining options. The new location is expected to become a popular destination in the community, aligning with the company’s mission to expand its presence in the Canadian quick-service restaurant market.
Happy Belly Food Group has promoted Randall Papineau to President of Emerging Brands, recognizing his significant contributions to the company’s growth and operational efficiency. This move is expected to enhance the company’s strategic roadmap for 2025-2026, particularly in scaling the Smile Tiger Coffee Roasters brand and expanding the iQ Foods retail presence, positioning Happy Belly as a leader in the Canadian QSR market.
Happy Belly Food Group’s Rosie’s Burgers is expanding its presence with the opening of a new location in Toronto, Ontario. This marks the fifth location for the boutique QSR brand, known for its smash burgers and classic menu items. The new location is strategically situated in a high-traffic area, promising to enhance the brand’s customer base and capitalize on the demand for quick, delicious food options. The expansion aligns with Happy Belly’s growth strategy, leveraging an asset-light franchise model to drive profitability and market presence across Canada.
Happy Belly Food Group has announced the signing of its eighth franchise agreement for Yolks Breakfast, a boutique restaurant brand specializing in breakfast, brunch, and lunch, to open a new location in Richmond Hill, Ontario. This expansion marks the brand’s first entry into the Greater Toronto Area and is part of Happy Belly’s strategy to capitalize on the growing breakfast sector, leveraging its asset-light model and extensive franchising experience to drive national growth and profitability.
Happy Belly Food Group has promoted John Delutis to Chief Restaurant Officer, highlighting his pivotal role in the company’s growth and operational strategy. This promotion is seen as a strategic move to enhance Happy Belly’s expansion efforts and maintain high standards across its restaurant operations, further strengthening its position in the Canadian quick-service restaurant market.
Happy Belly Food Group has entered into a multi-year agreement with TOAST Inc. to enhance its restaurant portfolio with advanced digital technology solutions. This partnership is part of Happy Belly’s broader strategy to increase operational efficiency and support its expansion plans, positioning the company for sustained growth in the Canadian QSR market. The integration of TOAST’s technology is expected to drive standardization and synergies across Happy Belly’s brands, benefiting franchisees and shareholders alike.