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olivLaw · US equity research

Mama's Creations, Inc. MAMA

Sausages & Other Prepared Meat Products · SIC 2013 · Vertical: Food products (SIC 201x)

13.35USD+3.65% · 1 dayClose 04 Nov 2026

Mama's Creations, Inc. (MAMA) makes and sells fresh prepared deli foods, distributed in over 12,000 stores across the US under the MamaMancini's brand and through recent acquisitions. The company is in a phase of accelerated expansion, supported by 39% sales growth in fiscal 2026 and a stronger balance sheet after its July 2026 public offering, which left cash at 138.6 million USD.

At the close of 04 Nov 2026, Mama's Creations, Inc. (MAMA) stock was 13.35 USD (+3.65% on the day), with market capitalisation 629.4 m USD, P/E 78.1 on diluted EPS of 0.17 USD over the last 12 months, beta 0.66, 52-week range 10.03–20.65 USD. Latest reported quarter (Q2 2027): revenue of 54.6 m USD (+55.0% YoY), net income of 2.6 m USD (+100.9% YoY), diluted EPS 0.06 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
629.4 m USD
shares as of 02 Sept 2026
P/E (TTM)
78.1
Diluted EPS TTM 0.17 · TTM to 31 Jul 2026
E/P (TTM)
1.28%
TTM to 31 Jul 2026
Dividend yield
unavailable
Beta (2y)
0.66
Volatility (1y) 56%
52-week range
10.0320.65

Price history

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Technical reading

RSI (14)
52.1
neutral
Bollinger (20, 2)
12.45 – 13.59
in the upper half of the band · %B 0.79 · band width 8.8%
SMA 50 / 200
13.75 / 15.41
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.21 / -0.31
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month+4.1%−1.1%+5.2 pp—
3 months−26.8%−0.5%−26.4 pp—
6 months−4.9%+4.4%−9.3 pp—
Year to date−1.0%+12.3%−13.4 pp—
1 year+24.6%+13.5%+11.1 pp−8.7%
3 years+287.0%+76.4%+210.5 pp−6.0%
5 years+405.7%+63.7%+342.0 pp—
Max drawdown (1y)
−40.6%
29 Jun 2026 → 26 Oct 2026
Max drawdown (5y)
−60.9%
08 Nov 2021 → 01 Dec 2022
Compound annual growth (5y)
+38.3%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2027 · 31 Jul 2026

Revenue
54.6 m USD
+55.0% YoY
Net income
2.6 m USD
+100.9% YoY
Diluted EPS
0.06
+100.0% YoY
net / operating
4.7% / 5.5%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27Q2 '27
Revenue31.5 m33.6 m35.3 m35.2 m47.3 m54.0 m52.8 m54.6 m
Cost of revenue24.4 m24.5 m26.1 m26.4 m36.1 m40.0 m40.3 m41.5 m
Gross profit7.1 m9.1 m9.2 m8.8 m11.1 m14.0 m12.4 m13.1 m
Research & development155.0 k103.0 k73.0 k55.0 k80.0 k80.0 k87.0 k94.0 k
SG&A6.4 m7.0 m7.5 m7.0 m10.2 m10.9 m9.7 m10.0 m
Operating income563.0 k1.9 m1.6 m1.7 m823.0 k3.0 m2.7 m3.0 m
Interest expense120.0 k108.0 k88.0 k77.0 k156.0 k114.0 k109.0 k100.0 k
Pre-tax income538.0 k1.9 m——————
Income tax128.0 k287.0 k280.0 k368.0 k186.0 k731.0 k577.0 k739.0 k
Net income410.0 k1.6 m1.2 m1.3 m540.0 k2.2 m2.1 m2.6 m
Diluted EPS0.010.04 ≈0.030.030.010.05 ≈0.050.06
Operating cash flow4.8 m ≈-857.0 k6.0 m-1.7 m ≈3.9 m ≈3.2 m5.0 m6.9 m ≈
Capex2.3 m ≈73.0 k539.0 k514.0 k ≈194.0 k ≈407.0 k177.0 k912.0 k ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 65 percentile of its own 17-quarter history (min 18.2, median 59.9, max 124.9; quarters with earnings only).

Fiscal years

Fiscal year20192020202120222023202420252026
Revenue28.5 m33.8 m40.8 m48.8 m95.4 m103.3 m123.3 m171.7 m
Revenue YoY+3.4%+18.5%+20.8%+19.7%+95.5%+8.2%+19.4%+39.2%
Net income453.5 k1.5 m4.1 m-251.9 k2.3 m6.6 m3.7 m5.3 m
Net income YoY+41.8%+238.0%+165.4%−106.2%unavailable+184.8%−43.4%+42.4%
Diluted EPS0.010.040.12-0.010.060.170.090.13
Diluted EPS YoY0.0%+300.0%+200.0%−108.3%unavailable+183.3%−47.1%+44.4%
net %1.6%4.5%10.0%-0.5%2.4%6.4%3.0%3.1%
Free cash flow409.7 k1.5 m3.3 m-9.5 m4.9 m10.8 m82.0 k9.8 m

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2026 · 31 Jan 2026

Cash
20.0 m USD
Financial debt
5.6 m USD
Net debt
-14.4 m USD
Equity
52.6 m USD
Total assets
85.7 m USD
Debt / equity
0.11x
Current ratio
2.17x
ROE
13.6%
ROA
8.0%
FCF margin
5.7%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2024
103.3 m
2025
123.3 m
2026
171.7 m

SEC (XBRL)· 14 Apr 2026verified

Cost of revenue
2024
73.0 m
2025
92.8 m
2026
128.7 m

SEC (XBRL)· 14 Apr 2026verified

Gross profit
2024
30.3 m
2025
30.5 m
2026
43.0 m

SEC (XBRL)· 14 Apr 2026verified

Research & development
2024
414.0 k
2025
455.0 k
2026
288.0 k

SEC (XBRL)· 14 Apr 2026verified

SG&A
2024
21.0 m
2025
25.2 m
2026
35.6 m

SEC (XBRL)· 14 Apr 2026verified

Operating income
2024
8.9 m
2025
4.9 m
2026
7.1 m

SEC (XBRL)· 14 Apr 2026verified

Interest expense
2024
549.0 k
2025
477.0 k
2026
435.0 k

SEC (XBRL)· 14 Apr 2026verified

Pre-tax income
2024
8.3 m
2025
4.7 m
2026
6.9 m

SEC (XBRL)· 14 Apr 2026verified

Income tax
2024
2.0 m
2025
995.0 k
2026
1.6 m

SEC (XBRL)· 14 Apr 2026verified

Net income
2024
6.6 m
2025
3.7 m
2026
5.3 m

SEC (XBRL)· 14 Apr 2026verified

Diluted EPS
2024
0.17
2025
0.09
2026
0.13

SEC (XBRL)· 14 Apr 2026verified

Weighted average diluted shares
2024
38.4 m
2025
39.4 m
2026
41.4 m

SEC (XBRL)· 14 Apr 2026verified

Balance sheet · USD

Cash
2024
11.0 m
2025
7.2 m
2026
20.0 m

SEC (XBRL)· 14 Apr 2026verified

Receivables
2024
7.9 m
2025
8.1 m
2026
13.1 m

SEC (XBRL)· 14 Apr 2026verified

Inventories
2024
3.3 m
2025
4.8 m
2026
9.6 m

SEC (XBRL)· 14 Apr 2026verified

Current assets
2024
23.6 m
2025
21.9 m
2026
45.1 m

SEC (XBRL)· 14 Apr 2026verified

Property, plant & equipment, net
2024
—
2025
—
2026
—

SEC (XBRL)· 12 Dec 2023verified

Goodwill
2024
8.6 m
2025
8.6 m
2026
9.4 m

SEC (XBRL)· 14 Apr 2026verified

Intangibles (excl. goodwill)
2024
5.0 m
2025
3.4 m
2026
3.1 m

SEC (XBRL)· 14 Apr 2026verified

Total assets
2024
45.1 m
2025
47.1 m
2026
85.7 m

SEC (XBRL)· 14 Apr 2026verified

Accounts payable
2024
12.4 m
2025
12.1 m
2026
17.8 m

SEC (XBRL)· 14 Apr 2026verified

Long-term debt
2024
—
2025
—
2026
5.6 m

SEC (XBRL)· 14 Apr 2026verified

Current liabilities
2024
16.7 m
2025
17.0 m
2026
20.8 m

SEC (XBRL)· 14 Apr 2026verified

Total liabilities
2024
25.5 m
2025
22.2 m
2026
33.1 m

SEC (XBRL)· 14 Apr 2026verified

Equity
2024
19.6 m †
2025
24.9 m †
2026
52.6 m †

SEC (XBRL)· 14 Apr 2026verified

Cash flow · USD

Operating cash flow
2024
11.6 m
2025
5.2 m
2026
11.4 m

SEC (XBRL)· 14 Apr 2026verified

Capex
2024
786.0 k
2025
5.1 m
2026
1.7 m

SEC (XBRL)· 14 Apr 2026verified

Free cash flow
2024
10.8 m ≈
2025
82.0 k ≈
2026
9.8 m ≈

SEC (XBRL)· 14 Apr 2026derived

Investing cash flow
2024
-1.4 m
2025
-5.1 m
2026
-19.0 m

SEC (XBRL)· 14 Apr 2026verified

Financing cash flow
2024
-3.5 m
2025
-4.0 m
2026
20.3 m

SEC (XBRL)· 14 Apr 2026verified

Computed indicators

Growth

Revenue growth (YoY)
39.2%
computed by olivLawFY 2026
Revenue CAGR 3Y
21.6%
computed by olivLawFY 2023 → FY 2026
Revenue CAGR 5Y
33.3%
computed by olivLawFY 2021 → FY 2026
EBIT growth (YoY)
45.8%
computed by olivLawFY 2026
Net income growth (YoY)
42.4%
computed by olivLawFY 2026
Net income CAGR 3Y
31.9%
computed by olivLawFY 2023 → FY 2026
Net income CAGR 5Y
5.4%
computed by olivLawFY 2021 → FY 2026
EPS growth (YoY)
44.4%
computed by olivLawFY 2026
EPS CAGR 3Y
29.4%
computed by olivLawFY 2023 → FY 2026
EPS CAGR 5Y
1.6%
computed by olivLawFY 2021 → FY 2026
FCF growth (YoY)
11,811.0%
computed by olivLawFY 2026

Profitability

Gross margin
24.3%
computed by olivLawTTM to 31 Jul 2026
EBITDA margin
unavailable
input data missing
EBIT margin
4.5%
computed by olivLawTTM to 31 Jul 2026
Net margin
3.5%
computed by olivLawTTM to 31 Jul 2026
FCF margin
8.3%
computed by olivLawTTM to 31 Jul 2026

Returns

ROE
7.5%
computed by olivLawTTM to 31 Jul 2026 · balance sheet at 31 Jul 2026
ROA
5.9%
computed by olivLawTTM to 31 Jul 2026 · balance sheet at 31 Jul 2026
ROIC
unavailable
input data missing
ROCE
5.3%
computed by olivLawTTM to 31 Jul 2026 · balance sheet at 31 Jul 2026
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
19.8x
computed by olivLawTTM to 31 Jul 2026

Liquidity

Current ratio
6.9x
computed by olivLawbalance sheet at 31 Jul 2026
Quick ratio
6.5x
computed by olivLawbalance sheet at 31 Jul 2026
Cash ratio
5.9x
computed by olivLawbalance sheet at 31 Jul 2026

Cash

Operating cash flow
19.0 m USD
computed by olivLawTTM to 31 Jul 2026
Capital expenditure
1.7 m USD
computed by olivLawTTM to 31 Jul 2026
Free cash flow
17.3 m USD
computed by olivLawTTM to 31 Jul 2026
FCF conversion
233.9%
computed by olivLawTTM to 31 Jul 2026
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
17 days
computed by olivLawTTM to 31 Jul 2026 · balance sheet at 31 Jul 2026
Days inventory outstanding
20 days
computed by olivLawTTM to 31 Jul 2026 · balance sheet at 31 Jul 2026
Days payables outstanding
37 days
computed by olivLawTTM to 31 Jul 2026 · balance sheet at 31 Jul 2026
Cash conversion cycle
0 days
computed by olivLawTTM to 31 Jul 2026 · balance sheet at 31 Jul 2026

Market and valuation

Market capitalisation
629.4 m USD
computed by olivLawbalance sheet at 31 Jul 2026
Enterprise value
unavailable
input data missing
Market cap / net income TTM
85.1x
computed by olivLawTTM to 31 Jul 2026
P/E (TTM)
78.1x
computed by olivLawTTM to 31 Jul 2026
Earnings yield
1.3%
computed by olivLawTTM to 31 Jul 2026
P/B
3.8x
computed by olivLawbalance sheet at 31 Jul 2026
P/S
3.0x
computed by olivLawTTM to 31 Jul 2026 · balance sheet at 31 Jul 2026
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
36.4x
computed by olivLawTTM to 31 Jul 2026 · balance sheet at 31 Jul 2026
FCF yield
2.7%
computed by olivLawTTM to 31 Jul 2026 · balance sheet at 31 Jul 2026
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • score weight coverage: 58.3% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

13.35 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 629.4 m USD

Key indicators

Market capitalisation
629.4 m USD
computed by olivLawbalance sheet at 31 Jul 2026
P/E (TTM)
78.1x
computed by olivLawTTM to 31 Jul 2026
P/B
3.8x
computed by olivLawbalance sheet at 31 Jul 2026
EV/EBITDA
unavailable
input data missing
ROE
7.5%
computed by olivLawTTM to 31 Jul 2026 · balance sheet at 31 Jul 2026
Net margin
3.5%
computed by olivLawTTM to 31 Jul 2026
Revenue growth (YoY)
39.2%
computed by olivLawFY 2026
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

30/37 reporting lines present
Latest full fiscal year: 2026
Latest reported period: 31 Jul 2026
Latest balance sheet date: 31 Jul 2026
Share count (cover of the latest filing), as of: 02 Sept 2026
Source: SEC (XBRL)published 03 Sept 2026
verified 1970derived 154

Score by group

58% · Insufficient data

Estimated value range

Low
2.03
USD per share
Mid
3.96
USD per share
High
5.71
USD per share
Price: 13.35 USD
The price is above the range
Potential to the central value: -70.3% (value / price − 1)
Margin of safety: -236.8% (1 − price / value)
Agreement between methods: single method · 1 methods used · 1 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 2.03 – 5.71 USD.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: P/E2.03 – 5.71 (Mid 3.96)
    6 companies used · median multiple 23.2x · quartiles 11.9x – 33.4x
    HRL, JBS, PPC, SFD, TSN, WYHG
  • Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Multiple comparisons use the SIC vertical: Food products (SIC 201x)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: score weight coverage: 58.3% of at least 60%

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Quality3.5%71 (vs peers)11%
FCF conversion · Quality233.9%100 (on a fixed band)11%
Revenue CAGR 3Y · Growth21.6%100 (on a fixed band)14%
EPS CAGR 3Y · Growth29.4%100 (on a fixed band)14%
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheet19.8x100 (on a fixed band)11%
Current ratio · Balance sheet6.9x100 (on a fixed band)7%
P/E (TTM) · Valuation78.1x0 (vs peers)18%
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuation2.7%34 (on a fixed band)14%
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet100/100 · 2/3 factors with a value
  • Growth100/100 · 2/2 factors with a value
  • Quality86/100 · 2/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation15/100 · 2/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

Mama’s Creations, Inc. (MAMA). Latest full fiscal year: 2026; data up to 2026-07-31.

Figures computed from the financial statements: revenue 171.7 m USD in 2026; YoY growth 39.2%; net margin 3.5%; ROE 7.5%.

The estimated value range is 2.03–5.71 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 3.96 USD, the price of 13.35 USD leaves a potential of -70.3% (value / price − 1) and a margin of safety of -236.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

Insufficient data for a verdict (score weight coverage: 58.3% of at least 60%).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Net margin: 3.5%
  • FCF conversion: 233.9%
  • Revenue CAGR 3Y: 21.6%
  • EPS CAGR 3Y: 29.4%
  • Interest coverage: 19.8x
  • Current ratio: 6.9x

What contradicts it

  • P/E (TTM): 78.1x
  • The price is above the estimated value range

Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Food products (SIC 201x) · same industry group (3-digit SIC) · compared with 7 companies

Multiples and returns vs the median

P/E
78.1x
vertical median 23.2x
above median (+236.8%)
EV/EBITDA
—
vertical median —
P/S
3.0x
vertical median 0.4x
above median (+578.8%)
P/B
3.8x
vertical median 1.1x
above median (+230.9%)
ROE
7.5%
vertical median 4.8%
above median (+55.4%)
Net margin
3.5%
vertical median 2.3%
above median (+50.9%)
EBIT margin
4.5%
vertical median 4.1%
above median (+11.9%)
Revenue YoY
39.2%
vertical median 3.3%
above median (+1,095.3%)
Net debt/EBITDA
—
vertical median -0.1x
Dividend yield
—
vertical median 5.1%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
SFDSmithfield Foods, Inc.7.8 bn8.613.4%5.9%+9.8%−9% / unavailable
PPCPilgrim’s Pride Corporation6.9 bn21.58.6%1.7%+3.5%−24% / +13%
MAMAMama’s Creations, Inc.629.4 m78.17.5%3.5%+39.2%+25% / +287%
WYHGWing Yip Food Holdings Group Limited200.3 m24.94.8%5.9%−6.5%+8% / unavailable
BRIDBridgford Foods Corporation49.3 m—-12.3%-6.1%+3.3%−32% / −49%
TSNTyson Foods, Inc.—37.03.2%1.0%+2.1%+3% / +28%
JBSJbs N.V.—6.925.6%2.3%+11.7%−12% / unavailable
HRLHormel Foods Corporation—36.24.3%2.8%+1.6%−2% / −26%

1- and 3-year price returns: for MAMA from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
8.01
Total return -40% · Per year -40%
14.09
Total return 6% · Per year 6%
21.13
Total return 58% · Per year 58%
3 years
9.50
Total return -29% · Per year -11%
18.63
Total return 40% · Per year 12%
30.43
Total return 128% · Per year 32%
5 years
11.26
Total return -16% · Per year -3%
24.64
Total return 85% · Per year 13%
43.82
Total return 228% · Per year 27%
What moves the 3-year price the most
  • Exit P/E± 4.66
  • Net margin± 3.26
  • Annual revenue growth± 2.43
  • Annual dilution± 0.27

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

In brief

Mama's Creations, Inc. (MAMA) makes and sells fresh prepared deli foods, distributed in over 12,000 stores across the US under the MamaMancini's brand and through recent acquisitions. The company is in a phase of accelerated expansion, supported by 39% sales growth in fiscal 2026 1 and a stronger balance sheet after its July 2026 public offering, which left cash at 138.6 million USD 3.

SWOT

Strengths

  • Authentic recipes and a recognised brand supported by trust from consumers and retailers, plus a one-stop-shop strategy that simplifies purchasing for customers 1.
  • A stronger balance sheet after the July 2026 public offering, with liquidity that gives flexibility for acquisitions 3.
  • Rapid sales growth and improving operating leverage, with operating expenses falling as a share of revenue 3.

Weaknesses

  • Dependence on a few large customers, who can negotiate harder prices and terms 1.
  • Gross margin remains under pressure from labour, fuel and new launch costs 2.
  • Acquisition integration involves costs and execution risk that could delay the expected benefits 1.

Opportunities

  • Expansion into new retail chains and new channels, such as convenience stores, could amplify sales 13.
  • Complementary acquisitions funded from liquidity could widen the range and manufacturing capabilities 13.
  • Cross-selling to existing customers could raise average basket size and reduce freight costs 1.

Threats

  • Intense competition and the entry of companies with far larger resources could reduce market share 1.
  • Changes to FDA and USDA rules on the 'all-natural' label could increase costs 1.
  • Product recalls, returns or legal claims linked to consumption could damage reputation and results 1.

Risks

  • Customer concentrationhigh

    A small number of customers generate a large part of sales; losing one could significantly affect results 1.

  • Recalls and product liabilitymedium

    Contamination or mislabelling could lead to recalls and damage claims, affecting reputation 1.

  • Food regulationmedium

    Changes in FDA and USDA regulation could alter labelling and operating costs 1.

  • Production costsmedium

    Rising protein, fuel and freight costs could cut margins if they cannot be passed on in prices 12.

  • Acquisition executionlow

    Integrating acquired businesses could bring unexpected costs and delay benefits 1.

Investment thesis

What would need to be true (bull case)

  • If sales growth holds and margins improve as new products reach steady production, operating leverage could support higher profits 3.
  • The stronger balance sheet could allow acquisitions that widen the deli platform, especially if they are accretive from the start 3.
  • Expansion into national chains and new channels could reduce dependence on any single customer 13.

What would break the thesis

  • If labour and fuel costs keep rising without being passed on in prices, margins could remain under pressure 2.
  • Dependence on a few large customers could make revenue vulnerable if one retailer cuts orders 1.
  • The newly raised capital and acquisitions could dilute current shareholders and bring difficult integrations 13.

What to watch

  • Gross margin trajectory against the company's mid-to-high targetQ3 2027
  • Kroger launch and its effect on salesQ3 2027
  • Pace and size of the next acquisitions funded from liquiditynext 10-K
  • Share of total sales from the largest customersnext 10-K

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

The business

The company presents itself as a leading marketer and manufacturer of fresh deli-prepared foods, with an all-natural range including meatballs, meat loaf, sausage-related products, salads and olives. The core recipes come from the Italian cooking of Anna Mancini, and products are sold mainly to supermarkets, club chains and food distributors 1. Through the Crown 1 Business acquired in September 2025, it extended its manufacturing into value-added proteins and ready-to-heat meals 1.

The operating structure combines in-house manufacturing, with almost all products made in the company's own facilities, and a commission broker network for sales. The company pursues a one-stop-shop deli strategy built on wider distribution, product innovation and complementary acquisitions 1. As of January 31, 2026, it had 581 full-time employees 1.

The risk profile includes dependence on a few large customers, a notable concentration of sales at powerful retailers 1. The company also operates under FDA and USDA rules on the 'all-natural' label, which could raise costs if definitions change 1.

Segments

Deli prepared foods (MamaMancini's, T&L Creative Salads, Olive Branch)

The core segment includes meatballs, meat loaf, meat products, salads and olives, sold in supermarket deli sections. The MamaMancini's brand covers more than 100 product offerings 1. Olive Branch and T&L Creative Salads add olives and salads, made at the same Farmingdale, NY site 1.

Proteins and ready-to-heat meals (Crown 1 Business)

The September 2025 acquisition brought an SQF and USDA certified facility specialised in value-added proteins and premium ready-to-heat meals. It contributed 23.2 million USD of net sales in fiscal 2026 1.

Market context

The specialty and prepared food market spans several supermarket sections, including deli-prepared foods and the specialty meat segment 1. Sales growth in the second quarter of fiscal 2027 points to solid demand for new launches at national retailers 2.

Competitive position

The deli-prepared food industry is highly competitive, with local and national rivals, some with far greater financial resources 1. Rivals with longer histories may have loyal customers that are hard to win over, and large food companies could enter the gourmet niche directly 1.

  • Local and national deli-prepared food rivals

    The source does not name specific competitors, only describing the category in general terms 1.

  • Large food companies with marketing resources

    The source mentions the possible entry of firms with large resources, without naming them 1.

  • Producers with an established loyal customer base

    The source describes rivals with loyal customers and longer operating histories 1.

News & filings

In the press

SEC filings

Sources

  1. [1] Form 10-K, fiscal year ended 2026-01-31 · SEC / Mama's Creations, Inc. · 14 Apr 2026
  2. [2] Form 10-Q, quarter ended 2026-07-31 · SEC / Mama's Creations, Inc. · 03 Sept 2026
  3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Mama's Creations, Inc. · 03 Sept 2026

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.