Edible Garden AG Inc (NAS:EDBL)

Q1 2026 Edible Garden AG Inc Earnings Call Transcript

May 15, 2026 / 12:00 PM GMT

Release Date Price: $17.52 (-5.49%)

Transcript 10-Q8-K

Key Points

Positve

Revenue increased approximately 22.9% year-over-year to $3.3 million, driven by retail expansion and growth across multiple categories.
Sales in the Cutter business increased by 46% year-over-year, with new account contributions from Kroger and Weiss Markets.
International sales grew by 50% year-over-year, reflecting expanding demand for clean label products.
The company expanded its retail footprint to over 6,000 locations, including new partnerships with Target, Safeway, and The Fresh Market.
Edible Garden AG Inc (EDBL) is advancing its RTD initiative, leveraging Tetra Pak processing and packaging solutions to meet growing demand for clean-label, shelf-stable nutrition products.

Negative

Operating expenses increased to $10 million from $5.6 million year-over-year, driven by higher cost of goods sold and increased depreciation and amortization.
Net loss for the quarter was approximately $3.7 million, compared to $3.3 million in the prior-year period.
The increase in cost of goods sold is seen as transitional, with efforts underway to renegotiate supplier terms.
The company is still in the early stages of its evolution into higher-margin, shelf-stable categories, which may take time to fully realize.
Despite revenue growth, the core produce business, particularly cut herbs, remains a low-margin segment, impacting overall profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EDBL.OQ - Edible Garden AG Inc
Q1 2026 Edible Garden AG Inc Earnings Call
May 15, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the Edible Garden Incorporated 2026 First Quarter Business Update Conference Call.

At this time, all participants are in a listen-only mode and the floor will be open for questions following the presentation.

If anyone should require operator assistance during the conference, please press *0 on your phone keypad. Please note this conference is being recorded.

I will now turn the call over to your host, Ted Avas, Investor Relations at Crescendo Communications. Ted, the floor is yours.

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Unidentified_2 [2]
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