Goodfood Market Corp.

Goodfood Market reported Q2 2026 revenue of CAD 22.51 million, missing the expected CAD 25.3 million. EPS was CAD -0.07 and the stock fell about 13.95% after the announcement. The company is initiating a strategic shift to profitability over volume, reports operational disruptions and margin pressure, and is burdened by convertible debt. A positive is an improvement in unit economics, with net revenue per active customer of CAD 382. » More on de.investing.com

Goodfood Market has appointed Selim Bassoul as CEO with immediate effect; he will remain chairman of the board and aims to strengthen the company’s financial position, operational performance and focus on sustainable profitability. John Khabbaz has resigned from the board but remains a shareholder. The stock is trading near its 52-week high. » More on de.investing.com

Goodfood reported a net revenue decline of 21% to CAD 27.5 million in Q1 of fiscal 2026, improved gross margin by 270 basis points to 42.3%, and achieved adjusted EBITDA of CAD 1 million with free cash flow of CAD 1.2 million. The stock rose 3.08% after the results to $0.34. Management is continuing an 18-month turnaround strategy to strengthen the balance sheet and is exploring possible M&A transactions focused on immediately value-enhancing effects, while it does not expect a near-term demand recovery. » More on de.investing.com