US EditionMeal kit company Goodfood reports $2.6M Q1 loss, net sales down from year ago
Goodfood's active customer decline caused a 21% sales drop to $27.5 million, though gross margin rose to 42.3%, the company said.
- On Jan. 20, 2026, Goodfood Market Corp. in Montreal reported a first-quarter loss of $2.6 million for the quarter ended Dec. 6.
- Goodfood said the sales decline stemmed from fewer active customers reducing orders, partially offset by a higher average order value.
- Reporting detail shows net sales totalled $27.5 million, down from $34.7 million a year earlier, while gross margin improved to 42.3 per cent.
- Earnings data show a three cents per diluted share loss for the quarter ended Dec. 6, compared with two cents per diluted share and a $1.7 million loss a year earlier.
- The Canadian Press reported the Goodfood Market Corp. results and credited photographer Ryan Remiorz, with the Montreal headquarters pictured Monday, Feb. 6, 2023.
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11 Articles
Globe Newswire
The Manila TimesGoodfood Reports First Quarter of 2026 Results with Net Sales of $28 million, Gross Profit of $12 million and Adjusted EBITDA¹ of $1 million
Cash flows provided by operating activities of $1.4 million and adjusted free cash flow1 was $1.2 million for the first quarter, with cash balance and...
Winnipeg Free Press
Meal kit company Goodfood reports $2.6M Q1 loss, net sales down from year ago
Breaking News, Sports, Manitoba, Canada
Goodfood sees “pressure” in meal kit market as it posts 21-percent drop in sales
Montréal-based online grocer and meal delivery company Goodfood says its business is stabilizing despite declining sales and the recent loss of both of its co-founders. The company reported $27 million CAD in net sales for the fiscal period that ended December 6, 2025, a 21 percent decrease from the same period last year. Goodfood attributed the drop to lower demand and fewer marketing incentives, but claimed it was partially offset by larger a…
The net revenue for this first quarter was $27.5M. The post Goodfood Market recorded a loss of $2.6M at the 1T appeared first on Les Affaires.
Goodfood reports Q1 2026 results with net sales dropping to $28 million, gross profit falling to $12 million
Net loss of $3 million compared to $2 million in the same period last year. The post Goodfood reports Q1 2026 results with net sales dropping to $28 million, gross profit falling to $12 million appeared first on Retail Insider.
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