Armanino Foods Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 net sales $21.7 million, up 10.0% year over year
- ➤Q3 non-GAAP operating income $7.3 million, up 16.5% year over year
- ➤Q3 reported net income $4.6 million, down 4.2% year over year
- ➤International sales reached 10% of total company sales
- ➤Mountain House expansion targets production in Q2 2027, on schedule and within budget
Expert Statements
Deanna Jurgens, President and Chief Executive Officer of Armanino Foods of Distinction
“Armanino delivered another strong quarter, with double-digit net sales growth, expanded adjusted operating margins and double-digit growth in both non-GAAP operating income and net income. More importantly, our results demonstrate the continued execution of our growth strategy, as we translate our strategic priorities into measurable commercial momentum and financial performance.”
Deanna Jurgens, President and Chief Executive Officer of Armanino Foods of Distinction
“We are seeing tangible progress against our growth agenda. Our core U.S. Foodservice business continues to generate strong momentum, while expanding our National Accounts partnerships are creating new opportunities for growth. Recent national launches with Noodles & Company and the expansion of our relationship with Wonder demonstrate our ability to leverage culinary innovation to secure new business and broaden our market reach. At the same time, secondary sauces grew 20% in the quarter, and international markets now represent 10% of total company sales, providing further evidence of the strength and diversification of our growth drivers.”
Deanna Jurgens, President and Chief Executive Officer of Armanino Foods of Distinction
“We are also advancing the infrastructure required to support our next phase of growth. Our Mountain House manufacturing facility remains on schedule and within budget, with production targeted for the second quarter of 2027. This investment is designed to increase capacity, enhance operating efficiencies and position Armanino to support a substantially larger business.”
Deanna Jurgens, President and Chief Executive Officer of Armanino Foods of Distinction
“We are making these investments while navigating an increasingly challenging cost environment. Inflation, tariffs, and rising commodity costs continue to create pressure, and we anticipate these headwinds will intensify into the fourth quarter. We are also managing planned manufacturing transition expenses and working capital requirements, including inventory investments extending into the second quarter of 2027. Our strong adjusted profitability and $29.5 million in cash provide financial flexibility as we navigate these pressures and continue investing in our long-term growth.”
Deanna Jurgens, President and Chief Executive Officer of Armanino Foods of Distinction
“As I look ahead, my confidence in Armanino's long-term potential continues to grow. We have a leading position in foodservice pesto, an expanding portfolio of sauces, stronger relationships with national customers and growing international opportunities. These strengths, combined with the progress we are making against our commercial priorities, reinforce my conviction in the scale of the opportunity ahead. I believe Armanino is exceptionally well positioned for its next phase of growth.”
PLEASANTON, CA / ACCESS Newswire / November 10, 2026 / Armanino Foods of Distinction, Inc. (OTCQX:AMNF), a leading producer and marketer of premium frozen Italian and specialty foods serving foodservice, retail, and industrial customers across North America and select international markets, today announced financial results for the third quarter ended September 30, 2026.
$ in millions, except per share amountsThree Months EndedSeptember 30,Nine Months EndedSeptember 30, 20262025Change20262025Change Net Sales$ 21.7$ 19.710.0 %$ 61.7$ 56.68.9 % Gross Profit$ 10.1$ 9.73.3 %$ 29.7$ 26.512.1 % As a % of Net Sales46.5 %49.5 %-3.0pts48.1 %46.7 %1.4pts Operating Income$ 6.0$ 6.2-1.8 %$ 18.6$ 17.56.1 % As a % of Net Sales27.9 %31.3 %-3.4pts30.1 %30.9 %-0.8pts Net Income$ 4.6$ 4.8-4.2 %$ 14.2$ 13.64.7 % Earnings per Share (Diluted)$ 0.1484$ 0.1533-3.2 %$ 0.4555$ 0.43235.4 % Non-GAAP Gross Profit$ 10.7$ 9.710.0 %$ 30.8$ 26.516.3 % As a % of Net Sales49.5 %49.5 %0.0pts49.9 %46.7 %3.1pts Non-GAAP Operating Income$ 7.3$ 6.216.5 %$ 20.9$ 17.618.8 % As a % of Net Sales33.6 %31.7 %1.9pts33.9 %31.1 %2.8pts Non-GAAP Net Income$ 5.5$ 4.813.0 %$ 15.9$ 13.716.7 % Non-GAAP Earnings per Share (Diluted)$ 0.1775$ 0.155514.2 %$ 0.5113$ 0.435417.4 %
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