Mama’s Creations, Inc. (MAMA) reported third‑quarter fiscal 2026 results that surpassed analyst expectations, with revenue of $47.3 million—an increase of 50 % year‑over‑year—and a gross profit of $11.1 million, representing a 23.6 % gross‑margin. Net income rose to $0.5 million, or $0.01 per diluted share, while adjusted EBITDA climbed 118 % to $3.8 million. The results reflect the successful integration of the Crown I acquisition, which added $56.8 million of revenue in the prior 12 months and expanded the company’s customer base and production capacity.
The revenue beat was driven by a combination of robust organic growth and the Crown I acquisition. Organic sales grew double‑digit in the core business, while the acquisition contributed a significant lift in top‑line volume. Compared with Q3 FY2025 revenue of $31.5 million, the current quarter’s $47.3 million represents a $15.8 million increase, underscoring the impact of the new retail placements at Target and Food Lion and the expanded production footprint.
Gross‑margin expansion to 23.6 % from 22.6 % in the prior year was largely attributable to pricing power and disciplined cost management. Stabilized chicken commodity prices helped offset higher beef costs, and the lower‑margin Crown I sales were balanced by higher‑margin core operations. The improved margin contributed to the $0.5 million net income, which beat the consensus estimate of a $‑0.01 loss by $0.01 per share, a $0.02 beat in absolute terms.
The earnings beat was reinforced by strong cost control and operational leverage. Management highlighted that the Crown I acquisition has already begun to deliver synergies, and the company’s focus on pricing power has allowed it to maintain margins despite commodity price volatility. The EPS beat of $0.01 versus an estimate of –$0.01 reflects these disciplined cost measures and the successful integration of the new business.
Market reaction was positive, with the stock trading higher in after‑hours following the announcement. Investors were encouraged by the revenue and earnings beats, the successful integration of Crown I, and the company’s continued focus on cost control and pricing power. The market’s response underscores confidence in the company’s ability to sustain profitable growth.
CEO Adam L. Michaels said, “With expanded capacity, access to premium retail accounts and ongoing grandma‑quality innovation, we are well‑positioned to drive sustained profitable growth and improved margins in the quarters to come.” The acquisition of Crown I is a key step toward the company’s long‑term goal of $1 billion in revenue by 2030, adding both scale and new customer relationships that are expected to accelerate growth over the next several years.
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