Goodfood Market (TSE:FOOD) Releases Earnings Results

Goodfood Market (TSE:FOOD) announced its quarterly earnings results on Tuesday. The company reported C($0.07) earnings per share (EPS) for the quarter, FiscalAI reports. Goodfood Market had a positive return on equity of 32.72% and a negative net margin of 7.90%.The company had revenue of C$22.51 million for the quarter.

Here are the key takeaways from Goodfood Market’s conference call:

• New leadership (Selim Bassoul and newly appointed President & COO Najib Maalouf) has a clear mandate to stabilize the business, protect cash and rebuild discipline, and both executives have voluntarily chosen to forgo their base salary for fiscal 2026 to signal accountability.
• Q2 results showed pressure with net sales of CAD 22.5 million, 59,000 active customers and an Adjusted EBITDA loss of -CAD 1 million, driven in part by a temporary license suspension that forced costly logistics (shipping Ontario from Calgary) and reduced order frequency.
• Management has enacted disciplined cost actions—cutting marketing and incentives, optimizing headcount, simplifying the operating model—and product improvements (larger portions, better ingredients, faster cook times) that are lifting average order value and customer quality to improve unit economics.
• The company faces balance-sheet pressure from CAD 44 million of convertible debt with large interest obligations; management is tightly controlling capex and evaluating financial alternatives to preserve liquidity and support the transformation.

Goodfood Market Trading Up 5.4%

Shares of Goodfood Market stock opened at C$0.20 on Thursday. The stock has a fifty day simple moving average of C$0.23 and a 200 day simple moving average of C$0.26. Goodfood Market has a 12-month low of C$0.13 and a 12-month high of C$0.38. The company has a market capitalization of C$19.27 million, a P/E ratio of -1.95 and a beta of 1.89. The company has a current ratio of 1.12, a quick ratio of 0.77 and a debt-to-equity ratio of -197.23.

Goodfood Market Company Profile

Goodfood (TSX: FOOD) is a leading meal solutions brand in Canada, delivering fresh meals and add-ons that make it easy for customers from across Canada to enjoy delicious meals at home every day. The Goodfood mission is to create experiences that spark joy and help our community live longer on a healthier planet. Goodfood customers have access to uniquely fresh and delicious products, as well as exclusive pricing, made possible by its exceptional culinary team and direct-to-consumer infrastructures and technology.