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Goodfood Market Corp (TSE:FOOD)
TSX:FOOD
Earnings Data
Report Date
Apr 09, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0Last Year’s EPS
0.02Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 21, 2025
|% Change Since: -12.50%
|Next Earnings Date:Apr 09, 2025
Earnings Call Sentiment|Neutral
The earnings call portrays a balanced outlook with consistent profitability and strategic growth initiatives such as the Genuine Tea acquisition and Bitcoin investment. However, it also highlights challenges such as declining sales and macroeconomic pressures.Company Guidance
During the Goodfood Q1 2025 earnings call, several key financial metrics and strategic initiatives were highlighted. Goodfood achieved its eighth consecutive quarter of positive adjusted EBITDA, which stood at $1.6 million with a margin of 4.7%, reflecting a 110 basis point improvement year-over-year. Despite a year-over-year net sales decline of 14% to $34.7 million, attributed to softer consumer spending, the company maintained a stable net sales per active customer of $327. The active customer base decreased from 124,000 to 106,000 year-over-year but showed improvement compared to the previous quarter's 101,000. The company reported a gross margin of 39.6% and an adjusted free cash flow of $1.9 million. Goodfood also announced its acquisition of Genuine Tea and a strategic Bitcoin treasury investment to hedge against inflation and enhance shareholder value. The company held $21.3 million in cash and cash equivalents at the quarter's end, positioning itself strongly despite a challenging macroeconomic environment.Eighth Consecutive Quarter of Positive Adjusted EBITDA
Goodfood Market Corp. reported an adjusted EBITDA of $1.6 million for Q1 2025, marking the eighth consecutive quarter of positive results, with a margin of 4.7% and an improvement of 110 basis points year-over-year.
Consistent Cash Flow Generation
The company generated an adjusted free cash flow of $1.9 million, marking the fifth quarter in the past eight with positive cash flow, maintaining a net leverage ratio around 2.5 turns.
Genuine Tea Acquisition
Goodfood closed the acquisition of Genuine Tea, which has shown a growth rate of nearly 30% year-over-year and January sales up by 40%. Genuine Tea's EBITDA margins remain in the mid-double digits.
Bitcoin Treasury Investment Strategy
A new Bitcoin treasury investment strategy was announced to create shareholder value and hedge against inflation, leveraging Bitcoin as digital capital.
Strong Average Order Value
The average order value reached a record high and was 7% higher than the same time last year, contributing to stable net sales per active customer.
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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 |
|---|---|---|---|
| Jan 21, 2025 | C$0.48 | C$0.51 | +6.25% |
| 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% |
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 Corp (TSE:FOOD) report earnings?
Goodfood Market Corp (TSE:FOOD) is schdueled to report earning on Apr 09, 2025, TBA Not Confirmed.
What is Goodfood Market Corp (TSE:FOOD) earnings time?
Goodfood Market Corp (TSE:FOOD) earnings time is at Apr 09, 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 (Q2) is 0.
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