Latest Quarterly Results (Q1 FY2026)
For the 13 weeks ended December 6, 2025, Goodfood reported:
- Consolidated revenue: CAD 27.5 million, down about 21% from CAD 34.7 million in the year-ago quarter.
- Net loss: CAD 2.6 million, compared with a loss of CAD 1.7 million a year earlier.
Additional metrics released by the company included a gross profit of approximately CAD 12 million, with a gross margin of 42.3% in the quarter. Adjusted EBITDA was reported at CAD 1 million and adjusted free cash flow at CAD 1.2 million.
Acquisitions / M&A Strategy
During the Q1 FY2026 earnings call, Goodfood’s management said the company is exploring potential mergers and acquisitions in the North American food sector, with a focus on opportunities that offer quick integration and immediate accretive benefits. Management reiterated that any future acquisitions will be highly selective and disciplined, prioritizing cash-flow and margin accretion.
Outlook Commentary
In the earnings call, the company stated it continues to execute an 18-month turnaround strategy emphasizing cash generation, margin protection and disciplined capital allocation. Management commented that current demand in the meal kit category remains muted and that the company is not building plans around a near-term rebound, instead focusing on operating efficiently at current demand levels and protecting margins.