Edible Garden Reports Strong Revenue Growth Despite Losses
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 22 2023
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Should l Buy EDBL?
Source: globenewswire
Edible Garden AG Inc's stock fell by 14.49% as it crossed below the 5-day SMA, reflecting a challenging market environment.
The company reported a 22.9% revenue growth in Q1 2026, reaching approximately $3.3 million, driven by a 46% increase in cut herb sales and expansion into new retail partnerships with Kroger and Weis Markets. Despite the revenue growth, the company faced a GAAP EPS loss of -$5.25, which may raise concerns among investors regarding profitability.
The strong revenue growth indicates a solid demand for Edible Garden's products, particularly in the clean-label nutrition market, and the expansion of its retail network to over 6,000 locations suggests potential for future sales growth.
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About EDBL
Edible Garden AG Incorporated is a controlled environment agriculture (CEA) company. The Company is engaged in locally growing, organic, and sustainable produce and products backed by Zero-Waste Inspired next-generation farming. It operates its own vertically integrated greenhouses and processing facilities in Belvidere, New Jersey and Grand Rapids, Michigan, and has a network of contract growers, all strategically located near markets in the United States. Its proprietary GreenThumb 2.0 patented software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution-generating food miles. Its proprietary Self-Watering display is designed to enhance plant shelf life and provide an enhanced in-store plant display experience. It is also a developer of ingredients and proteins, providing an accessible line of plant and whey protein powders under the Vitamin Way and Vitamin Whey brands. It also offers pulp-fermented gourmet and chili-based sauces.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Edible Garden AG Reports Q1 Earnings Results
- Earnings Overview: Edible Garden AG reported a Q1 GAAP EPS of -$5.25, indicating significant challenges in profitability that may impact investor confidence and stock performance.
- Revenue Growth: The company achieved revenue of $3.3 million, reflecting a 22.2% year-over-year increase, suggesting that despite losses, Edible Garden has some growth potential in market demand, which could lay the groundwork for future recovery.
- Market Expansion Plans: Edible Garden is set to launch ready-to-drink (RTD) products by the end of 2027, a strategic expansion that could attract new consumer segments and enhance brand visibility, potentially driving future sales growth.
- Historical Financial Data: The historical financial data provided by the company will aid in analyzing its long-term performance and trends, allowing investors to assess its future investment value and risks.
See More
Edible Garden Reports 22.9% Revenue Growth in Q1 2026
- Significant Revenue Growth: Edible Garden's revenue for Q1 2026 reached approximately $3.3 million, reflecting a 22.9% year-over-year increase, primarily driven by sales growth in cut herbs, vitamins, and condiments, indicating strong demand in the clean-label nutrition market.
- Surge in Cut Herb Sales: Sales of cut herbs increased by approximately 46% year-over-year, attributed to new partnerships with retailers like Kroger and Weis Markets, showcasing the company's successful expansion in retail channels and product offerings.
- International Market Expansion: International sales rose by about 50% year-over-year, highlighting the company's expanding distribution network and growing demand in global markets, which further strengthens its competitive position.
- Progress on RTD Platform: The company continues to advance its Midwest ready-to-drink (RTD) manufacturing platform, planning to integrate Tetra Pak processing and packaging solutions to meet the rising demand for shelf-stable functional nutrition products, signaling future growth potential.
See More
Edible Garden AG Reports 22.9% Revenue Growth in Latest Earnings Call
- Significant Revenue Growth: Edible Garden AG reported a 22.9% year-over-year revenue increase to $3.3 million, primarily driven by retail expansion and growth across multiple categories, indicating strong market performance.
- Strong International Sales: International sales surged by 50% year-over-year, reflecting expanding demand for clean label products, particularly benefiting from the partnership with Price Smart, which has significantly enhanced market share.
- Rising Operating Costs: Operating expenses rose from $5.6 million to $10 million, primarily due to increased cost of goods sold and higher depreciation and amortization, although the company is working to renegotiate supplier terms to mitigate these costs.
- New Product Development: The company is advancing its ready-to-drink (RTD) initiative, with products developed in collaboration with McCormick expected to launch in late 2027 or early 2028, addressing the growing demand for nutritional products and potentially enhancing profit margins.
See More
Edible Garden AG Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: In Q1 2026, Edible Garden AG reported a year-over-year revenue increase of approximately 22.9%, reaching $3.3 million, primarily driven by retail expansion and growth across multiple product categories, indicating strong market performance.
- Strong Cut Herbs Performance: The cut herbs segment showed remarkable growth with sales up approximately 46% year-over-year, while vitamin and supplement sales increased by about 27% and condiment sales by 51%, highlighting the company's success in product diversification.
- Retail Network Expansion: The company's retail footprint now exceeds 6,000 locations, with new partners including Target and Safeway, which enhances brand market coverage and customer base, expected to drive future sales growth.
- RTD Strategic Focus: Edible Garden AG is focusing on ready-to-drink (RTD) products, planning to launch prototypes in mid-2026 and begin co-manufacturing in September, which is anticipated to create new revenue streams and market opportunities for the company.
See More
Edible Garden to Host Conference Call for Q1 Financial Results
- Conference Call Announcement: Edible Garden will host a conference call on May 15, 2026, at 8:00 AM ET to discuss Q1 financial results and provide a business update, reflecting the company's commitment to transparency and investor communication.
- Access Information: The call can be accessed via toll-free number +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international participants, with access code 794078, ensuring global investor participation and enhancing interaction with stakeholders.
- Webcast and Replay Availability: The call will be available via webcast on the company's website, with a replay accessible until May 15, 2027, indicating the company's dedication to providing ongoing information access for investors and improving transparency.
- Company Overview: Edible Garden is a recognized leader in controlled environment agriculture with over 6,000 retail locations, focusing on sustainable and organic products, showcasing its innovative capabilities and market impact in the agricultural technology sector.
See More
Edible Garden Named One of Top 25 Greenhouse Produce Growers in the U.S.
- Industry Recognition: Edible Garden has been named one of the Top 25 Greenhouse Produce Growers in the U.S. by CEAg World in 2026, highlighting its innovation and sustainability in controlled environment agriculture, thereby reinforcing its market leadership.
- Commitment to Sustainability: CEO Jim Kras emphasized that as consumer demand for locally grown and organic food increases, Edible Garden's Zero-Waste Inspired® farming model and advanced greenhouse technologies will effectively meet market needs, enhancing value for retail partners and shareholders.
- Technological Innovation: Edible Garden optimizes greenhouse growing conditions through its patented GreenThumb software and self-watering display technology, aiming to reduce food miles and extend product shelf life, thus driving a more efficient and sustainable food supply chain.
- Expansion Plans: The company is expanding its Prairie Hills facility in Webster City, Iowa, into a dedicated ready-to-drink clean nutrition manufacturing hub, supporting its Farm-to-Formula strategy and entering higher-margin nutrition categories.
See More
Edible Garden AG Reports Q1 Earnings Results
- Earnings Overview: Edible Garden AG reported a Q1 GAAP EPS of -$5.25, indicating significant challenges in profitability that may impact investor confidence and stock performance.
- Revenue Growth: The company achieved revenue of $3.3 million, reflecting a 22.2% year-over-year increase, suggesting that despite losses, Edible Garden has some growth potential in market demand, which could lay the groundwork for future recovery.
- Market Expansion Plans: Edible Garden is set to launch ready-to-drink (RTD) products by the end of 2027, a strategic expansion that could attract new consumer segments and enhance brand visibility, potentially driving future sales growth.
- Historical Financial Data: The historical financial data provided by the company will aid in analyzing its long-term performance and trends, allowing investors to assess its future investment value and risks.
See More
Edible Garden Reports 22.9% Revenue Growth in Q1 2026
- Significant Revenue Growth: Edible Garden's revenue for Q1 2026 reached approximately $3.3 million, reflecting a 22.9% year-over-year increase, primarily driven by sales growth in cut herbs, vitamins, and condiments, indicating strong demand in the clean-label nutrition market.
- Surge in Cut Herb Sales: Sales of cut herbs increased by approximately 46% year-over-year, attributed to new partnerships with retailers like Kroger and Weis Markets, showcasing the company's successful expansion in retail channels and product offerings.
- International Market Expansion: International sales rose by about 50% year-over-year, highlighting the company's expanding distribution network and growing demand in global markets, which further strengthens its competitive position.
- Progress on RTD Platform: The company continues to advance its Midwest ready-to-drink (RTD) manufacturing platform, planning to integrate Tetra Pak processing and packaging solutions to meet the rising demand for shelf-stable functional nutrition products, signaling future growth potential.
See More
Edible Garden AG Reports 22.9% Revenue Growth in Latest Earnings Call
- Significant Revenue Growth: Edible Garden AG reported a 22.9% year-over-year revenue increase to $3.3 million, primarily driven by retail expansion and growth across multiple categories, indicating strong market performance.
- Strong International Sales: International sales surged by 50% year-over-year, reflecting expanding demand for clean label products, particularly benefiting from the partnership with Price Smart, which has significantly enhanced market share.
- Rising Operating Costs: Operating expenses rose from $5.6 million to $10 million, primarily due to increased cost of goods sold and higher depreciation and amortization, although the company is working to renegotiate supplier terms to mitigate these costs.
- New Product Development: The company is advancing its ready-to-drink (RTD) initiative, with products developed in collaboration with McCormick expected to launch in late 2027 or early 2028, addressing the growing demand for nutritional products and potentially enhancing profit margins.
See More
Edible Garden AG Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: In Q1 2026, Edible Garden AG reported a year-over-year revenue increase of approximately 22.9%, reaching $3.3 million, primarily driven by retail expansion and growth across multiple product categories, indicating strong market performance.
- Strong Cut Herbs Performance: The cut herbs segment showed remarkable growth with sales up approximately 46% year-over-year, while vitamin and supplement sales increased by about 27% and condiment sales by 51%, highlighting the company's success in product diversification.
- Retail Network Expansion: The company's retail footprint now exceeds 6,000 locations, with new partners including Target and Safeway, which enhances brand market coverage and customer base, expected to drive future sales growth.
- RTD Strategic Focus: Edible Garden AG is focusing on ready-to-drink (RTD) products, planning to launch prototypes in mid-2026 and begin co-manufacturing in September, which is anticipated to create new revenue streams and market opportunities for the company.
See More
Edible Garden to Host Conference Call for Q1 Financial Results
- Conference Call Announcement: Edible Garden will host a conference call on May 15, 2026, at 8:00 AM ET to discuss Q1 financial results and provide a business update, reflecting the company's commitment to transparency and investor communication.
- Access Information: The call can be accessed via toll-free number +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international participants, with access code 794078, ensuring global investor participation and enhancing interaction with stakeholders.
- Webcast and Replay Availability: The call will be available via webcast on the company's website, with a replay accessible until May 15, 2027, indicating the company's dedication to providing ongoing information access for investors and improving transparency.
- Company Overview: Edible Garden is a recognized leader in controlled environment agriculture with over 6,000 retail locations, focusing on sustainable and organic products, showcasing its innovative capabilities and market impact in the agricultural technology sector.
See More
Edible Garden Named One of Top 25 Greenhouse Produce Growers in the U.S.
- Industry Recognition: Edible Garden has been named one of the Top 25 Greenhouse Produce Growers in the U.S. by CEAg World in 2026, highlighting its innovation and sustainability in controlled environment agriculture, thereby reinforcing its market leadership.
- Commitment to Sustainability: CEO Jim Kras emphasized that as consumer demand for locally grown and organic food increases, Edible Garden's Zero-Waste Inspired® farming model and advanced greenhouse technologies will effectively meet market needs, enhancing value for retail partners and shareholders.
- Technological Innovation: Edible Garden optimizes greenhouse growing conditions through its patented GreenThumb software and self-watering display technology, aiming to reduce food miles and extend product shelf life, thus driving a more efficient and sustainable food supply chain.
- Expansion Plans: The company is expanding its Prairie Hills facility in Webster City, Iowa, into a dedicated ready-to-drink clean nutrition manufacturing hub, supporting its Farm-to-Formula strategy and entering higher-margin nutrition categories.
See More
