Mama's Creations, Inc.

The conference will be open for questions. This conference is being recorded today, Tuesday, June 3rd, 2025, and the earnings press release accompanying this conference call was issued after the market closed today. On our call today is MAMAS Creations Chairman and CEO Adam L. Michaels and CFO Anthony Gruber. Before we get started, I'll read a disclaimer about forward-looking statements. This conference call may contain, in addition to historical information, forward-looking statements within the meaning of the federal security laws regarding MAMA's creations. Forward-looking statements include, but are not limited to, statements that express the company's intentions, beliefs, expectations, strategies, predictions, or any other statements relating to its future earnings, activities, events, or conditions. These statements are based on current expectations, estimates, and projections about the company's business, based in part on assumptions made by management. These statements are not guarantees of the future performance and involve risk, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in the company's 10-K and other documents which the company files with the U.S. Securities and Exchange Commission. In addition, such statements could be affected by risk and uncertainties related to the factors beyond the company's control. Matters that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the loss of key management personnel, availability of capital, and any major litigation regarding the company. In addition, throughout today's call, the company may refer to adjusted EBITDA, a non-GAAP financial measure, which it believes provides helpful information to investors about the performance of the business on an ongoing basis. A reconciliation of adjusted EBITDA to its most directly comparable GAAP financial measure is included in today's earnings release, which is available on Mama's Creation's website under the Investor tab. And finally, this conference call contains time-sensitive information that reflects management's best analysis only as of today and time of this conference call. The company does not take any obligation to publicly update or revise any forward-looking statements to reflect the future events, information, or circumstances that arise after the date of this conference call. At this time, I'd like to turn the call over to Chairman and CEO, Adam L. Michaels. Thank you, Adam. The floor is yours.

Thank you, Operator. And thank you to everyone for joining us today. I'd like to welcome you to our first quarter fiscal 26 financial results conference call. Our fiscal first quarter saw robust performance, driven by sustained momentum in market share gains and significant progress across our core four Cs. Revenue grew approximately 18% year over year to a record $35.3 million, driven more than 90% by volume, further supported by targeted customer expansions and successful new product introductions across multiple channels. We achieved these gains despite a continued challenging macroeconomic environment, highlighting the resiliency and relevance of our value-oriented grandma quality deli prepared foods offerings across any macroeconomic landscape.

We are pleased to report that gross margins returned to our near-term target range, achieving 26.1% in the quarter