MONTREAL – Goodfood Market Corp. reported a first-quarter loss of $2.6 million as its net sales fell 21 per cent compared with year ago.
The meal kit company says the loss amounted to three cents per diluted share for the quarter ended Dec. 6.
That’s compared with a loss of $1.7 million or two cents per diluted share a year earlier.
Net sales in what was the company’s first quarter totalled $27.5 million, down from $34.7 million a year ago.
Goodfood attributed the drop to a decrease in active customers that drove lower orders, partially offset by an increase in average order value.
However, Goodfood reported its gross margin improved to 42.3 per cent for the quarter compared with 39.6 per cent a year earlier.
This report by The Canadian Press was first published Jan. 20, 2026.
Companies in this story: (TSX:FOOD)
