Buda Juice Reports Q1 Adjusted EPS of 5 Cents, Revenue of $3.5M
Reports Q1 adjusted EPS 5c. Reports Q1 revenue $3.5M vs $3M last year. Horatio Lonsdale-Hands, Co-Founder and Chief Executive Officer of Buda Juice, commented: "The first quarter of fiscal 2026 represents a meaningful milestone for Buda Juice. It was effectively our first full quarter as a public company, and we delivered on our commitments. Revenue grew nearly 18% year over year, above the mid-teens outlook we discussed on our last earnings call, while free cash flow increased 37% from the prior-year period. Gross margin was impacted by a temporary spike in lime costs following supply chain disruptions in western Mexico in March. Improved labor efficiency, with labor costs as a percentage of revenue improving more than 150 basis points year over year, helped partially offset the impact. Conditions stabilized by the end of the quarter, and we do not currently view this as reflective of the underlying economics of our business. Subsequent to quarter's end, Buda Juice reached another major milestone with the expansion of Buda Fresh(TM) Cherry Limeade into 246 Walmart stores across nine states. This significantly expanded our geographic footprint beyond Texas and represents an important early step in demonstrating that the Ultra Fresh category and our Fresh35 degrees cold-chain platform can scale into broader multi-state distribution. When we went public in January, we stated that expanding distribution and bringing our products to more consumers would be a key next step for the Company. We believe this expansion reflects continued progress against that strategy."
