A maker of all-natural, ready-to-heat deli foods, Mama's Creations sells a family of brands — MamaMancini's meatballs, T&L Creative Salads, Olive Branch, and Crown 1 Foods — in the deli sections of thousands of grocery and convenience stores. Founder Dan Mancini built the company around the meatball-and-sauce recipe his grandmother Anna brought from Italy to Brooklyn in 1921; she never wrote it down, so young Dan learned it by heart so the tradition wouldn't be lost.
Mama's Creations prices $100M public offering of 5,555,556 shares at $18.00 per share
On June 29, 2026, Mama's Creations, Inc. entered into an underwriting agreement with William Blair & Company, L.L.C. and D.A. Davidson & Co. for a public offering of 5,555,556 shares of common stock at $18.00 per share.
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The offering closed on July 1, 2026, with net proceeds of approximately $94.0 million after underwriting discounts and offering expenses.
The underwriters have a 30-day option to purchase up to an additional 833,333 shares to cover over-allotments.
Net proceeds are intended for working capital and general corporate purposes, potentially including acquisitions of complementary businesses or assets, though no agreements exist.
The company also filed supplemental pro forma financial information and updated risk factors related to its Crown I Acquisition.
1.01 Entry into a Material Definitive Agreement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Mama's Creations Q1 FY2027 revenue up 50% to $52.8M, net income up 66% to $2.1M
Revenue for the first quarter ended April 30, 2026 increased 49.7% to $52.8 million from $35.3 million in the prior-year quarter.
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Net income rose 66.3% to $2.1 million, or $0.05 per diluted share, compared to $1.2 million, or $0.03 per diluted share, a year ago.
Adjusted EBITDA increased 71.2% to $4.9 million from $2.8 million in the same quarter last year.
Cash and cash equivalents grew to $24.4 million as of April 30, 2026, up from $20.0 million as of January 31, 2026; total debt was $5.1 million.
The company launched over a dozen new items with major retailers including Wal-Mart, Target, and Food Lion, and won Costco Everyday Item status for branded beef meatballs in the San Diego region.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Mama's Creations appoints Fred Halvin to its Board of Directors, effective May 1, 2026.
He will receive standard non-employee director compensation as described in the Company's Definitive Proxy Statement filed May 20, 2025.
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On April 2, 2026, the Board increased its size from five to six members and elected Fred Halvin, effective May 1, 2026.
Mr. Halvin will initially not serve on any Board committees.
Mr. Halvin brings 37 years of experience at Hormel Foods, including leading over $8 billion in M&A transactions.
The Company issued a press release on April 2, 2026, announcing the appointment.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Mama's Creations Q3 FY2026 revenue up 50% to $47.3M, net income $0.5M
Revenue for the third quarter ended October 31, 2025, increased 50.0% to $47.3 million from $31.5 million in the prior-year quarter.
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Gross profit rose 56.6% to $11.1 million (23.6% of revenue) from $7.1 million (22.6% of revenue) a year ago.
Net income increased 31.7% to $0.5 million, or $0.01 per diluted share, from $0.4 million, or $0.01 per diluted share, in the same quarter last year.
Adjusted EBITDA (non-GAAP) grew 118.0% to $3.8 million from $1.7 million in the prior-year quarter.
The company acquired Crown 1 Enterprises from Sysco Corporation for $17.5 million, funded by a $20.0 million private placement and an amended $27.4 million credit facility with M&T Bank.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Mama's Creations Q2 FY2026 revenue up 24% to $35.2M; acquires Crown 1 for $17.5M
Revenue for the second quarter ended July 31, 2025 increased 24% to $35.2 million from $28.4 million in the prior-year quarter.
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Gross profit rose 28% to $8.8 million (24.9% of revenue) from $6.9 million (24.2% of revenue) a year ago.
Net income increased 11% to $1.3 million, or $0.03 per diluted share, from $1.1 million, or $0.03 per diluted share, in the prior-year quarter.
Adjusted EBITDA (non-GAAP) increased 18% to $3.3 million from $2.7 million in the same quarter last year.
The company acquired Crown 1 Enterprises from Sysco Corporation for $17.5 million in cash, funded by a $20.0 million private placement and an amended $27.4 million credit facility with M&T Bank.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Mama's Creations completes $17.5M cash acquisition of Crown I Enterprises from Sysco
Mama's Creations, through subsidiary Jubilee Acquisition, acquired substantially all assets of Crown I Enterprises Inc., a Sysco subsidiary, for $17.5 million in cash, subject to adjustments.
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Crown I generated approximately $56 million in profitable revenue for fiscal year ended June 28, 2025, and operates a 42,000-square-foot USDA-certified facility in Bay Shore, NY.
The acquisition was funded with proceeds from a new $20 million non-revolving acquisition line under an amended credit facility with M&T Bank.
Mama's Creations also entered a private placement of 2,666,667 shares at $7.50 per share, expected to raise about $20 million, to repay amounts under the acquisition line and for working capital.
The company expects to file required financial statements and pro forma information by amendment within 71 days.
1.01 Entry into a Material Definitive Agreement · 2.01 Completion of Acquisition or Disposition of Assets · 2.02 Results of Operations and Financial Condition · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 3.02 Unregistered Sales of Equity Securities · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits