The following is a summary of the Goodfood Market Corp. (GDDFF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Goodfood reported a net sales of $38.6 million for Q3 2024, a year-over-year decline of 8% and a sequential decline of 3%.

• Adjusted EBITDA for the quarter reached $3.6 million with a margin of 9.2%, marking the sixth consecutive quarter of positive adjusted EBITDA.

• Cash flow from operating activities in Q3 amounted to $4.5 million, a $1.3 million improvement year-over-year.

Business Progress:

• Goodfood has reduced net leverage to 2.1 turns from 8.2 turns the previous year, highlighting effective debt management and increased profitability.

• The company has successfully rolled out new customer-centric initiatives including a doubling of value meal options and the launch of Camp Goodfood.

Opportunities:

• Goodfood's business remains focused on enhancing customer-centric initiatives, potentially benefiting from shifts in consumer spending from restaurants to home-cooked meals.

Risks:

• A decrease in active customer count due to seasonality and broader economic conditions could impact future revenue growth.

More details: GOODFOOD MARKET CORP IR

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