Canada's Goodfood Market Q1 net sales fall 21%, net loss widens
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Canada's Goodfood Market reported a 21% decline in Q1 net sales, resulting in a net loss of C$3 million. Despite this, the company improved its gross margin by 2.7% and is focusing on stabilizing its core meal kit business while diversifying revenue streams. Goodfood aims to generate cash and protect margins through disciplined capital allocation, with acquisitions seen as a key growth strategy for 2026. The average analyst rating is "hold," with a 12-month price target of C$0.25, 24.2% below its recent closing price.
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