Mama's Creations, Inc.

What they do

The company makes and sells refrigerated prepared foods, primarily chicken, beef and turkey meatballs, meat loaf, sausage-related products, and pasta and rice entrees, largely merchandised in supermarket deli sections including hot bars, salad bars and foods-to-go. Its brands include MamaMancini's all-natural line and, through acquisitions, T&L Creative Salads and Olive Branch, which sells olives, olive mixes and savory products to a limited number of large retail customers. T&L and Olive Branch share a facility in Farmingdale, NY, and the company has expanded through acquisitions including Chef Inspirational Foods in 2022-2023.

Revenue drivers

• MamaMancini's branded prepared foods — The core business, selling all-natural Italian-inspired refrigerated entrees and meatballs to supermarkets, club chains, mass retailers and food distributors; described as over 100 product offerings across beef, chicken, salad and olive portfolios.
• Olive Branch — Sells olives, olive mixes and savory products in pre-packaged containers to a limited number of large retail customers, manufactured at the same Farmingdale, NY facility as T&L Creative Salads.
• T&L Creative Salads — Acquired in 2021 alongside Olive Branch for a combined $14 million; operates in the prepared salads and deli foods space at the Farmingdale, NY facility.
• Chef Inspirational Foods — Acquired in full in 2023 after a 2022 minority investment; described as a developer, innovator, marketer and sales company selling prepared foods.

Recent performance

For the second quarter ended July 31, 2026, revenue rose 55% to $54.6 million from $35.2 million a year earlier. Gross profit increased 49.1% to $13.1 million, net income rose 100.9% to $2.6 million, and adjusted EBITDA grew 68.9% to $5.5 million. Diluted EPS was $0.06 versus $0.03. Cash and equivalents ended the quarter at $138.6 million, up from $20.0 million at January 31, 2026, driven by a July 2026 public offering yielding approximately $108.6 million in net proceeds and $11.9 million of operating cash flow in the first six months.

Strategy

Management describes the goal as building a one-stop-shop deli solutions platform through vertical integration and a diverse family of brands. The July 2026 equity raise of approximately $108.6 million in net proceeds is earmarked to support M&A, with management stating criteria of businesses that broaden the platform, bring premium customers or capabilities, and are accretive from day one. The company is also investing in capacity, having opened the East Rutherford expansion for freezer and refrigeration storage to reduce outside storage fees, and cites the September 2025 Bay Shore acquisition as added capacity. New distribution is being pursued through placements at existing and new banners, including a first planned launch in banner Kroger.

Risks

• Customer concentration — Risk factors cite reliance on a limited number of customers, and Olive Branch in particular sells to a limited number of large retail customers.
• Product recalls — The company states it could be required to recall products due to labeling, contamination, damage or tampering, and in some instances has been required to do so, which could cause losses, destruction of inventory and adverse publicity.
• Commodity and freight cost pressure — Management notes higher fuel and freight expenses and rising labor costs have negatively impacted profitability, with pricing actions potentially lagging changes in supply and commodity costs.
• Integration and acquisition risk — Risk factors flag the ability to timely realize expected benefits of recent acquisitions and unanticipated or higher than anticipated integration expenses.

Outlook

Management says the M&A pipeline is active and that the $138.6 million cash position gives it capacity to pursue accretive acquisitions toward a stated path to $1 billion in revenue. It expects pricing and efficiency actions to offset rising costs, and notes most inputs are sourced domestically with manufacturing in the United States, which it expects to limit tariff impact. The third quarter is expected to include over two dozen new placements, headlined by a first launch in banner Kroger in over 100 stores across the Louisville division.