Once Upon A Farm Q1 Net Sales Jump 44% on Cooler Placements

By Daniella Parra

Once Upon A Farm, PBC (NYSE: OFRM) said first quarter net sales increased 44 percent year-over-year to $73 million.

The organic baby food maker said Adjusted EBITDA in the quarter was a loss of $3.1 million compared to a loss of $7.5 million the year earlier.

“We are seeing meaningful productivity gains from our cooler placements, which delivered an approximate 11 percent increase in dollar productivity versus the prior quarter, demonstrating that our cooler model is driving higher productivity as we scale,” said John Foraker, CEO and co-founder of Once Upon a Farm. “We believe we are building a highly differentiated and purpose-driven brand that is winning with consumers and expanding the category while delivering attractive long-term returns for shareholders.”

READ MORE