ACCESS Newswire·Nov 10, 2026, 4:05 PM ET

Armanino Foods Reports Third Quarter 2026 Financial Results

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Armanino Foods of Distinction, Inc. reported a 10% year-over-year increase in net sales to $21.7 million for the third quarter ended September 30, 2026.
Reported operating income for the quarter was $6.0 million, while non-GAAP operating income increased 16.5% year-over-year to $7.3 million.
Non-GAAP net income rose 13.0% to $5.5 million, resulting in non-GAAP diluted earnings per share of $0.1775.
Secondary sauces achieved 20% growth in the quarter, reinforcing the company's expansion beyond pesto products.
International business now accounts for 10% of total company sales, reflecting continued global market penetration.
The company advanced National Accounts partnerships with a national launch of a co-developed Gochujang Carbonara sauce for Noodles & Company.
Armanino expanded its partnership with Wonder to include nationwide introductions of Royal Miso and Pomegranate Vinaigrette dressings.
The Mountain House manufacturing facility expansion remains on schedule and within budget, with production targeted for the second quarter of 2027.
The company maintained a strong financial position with $29.5 million in cash and cash equivalents and no debt.
The company paid $1.5 million in cash dividends to shareholders and incurred $2.0 million in capital expenditures during the quarter.
Reported gross profit margin decreased to 46.5% due to accelerated depreciation related to the facility relocation, though non-GAAP gross profit margin remained stable at 49.5%.
Management cited rising inflation, tariffs, and commodity costs as ongoing headwinds expected to intensify in the fourth quarter.
The company anticipates continued investment in working capital and inventory extending into the second quarter of 2027 to support growth.

Company: Armanino Foods of Distinction, Inc.
Keywords: Food & Beverage Products, Earnings