Once Upon A Farm (NYSE:OFRM – Get Free Report) issued its earnings results on Thursday. The organic kids food company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09), FiscalAI reports. The business had revenue of $89.07 million for the quarter.
Here are the key takeaways from Once Upon A Farm’s conference call:
- Third-quarter net sales rose 34.9% to $89.1 million, driven primarily by 32% volume growth; channel-wide consumption also increased 32%. Adjusted EBITDA was a loss of $1 million, ahead of the company’s internal plan.
- The voluntary Tractor Wheels recall is expected to cost up to $30 million in fiscal 2026, including customer returns, retailer chargebacks, and inventory-related costs. The product represented 18% of year-to-date sales, and an independent safety review is expected to take 8–10 weeks; the timing of a possible return remains uncertain.
- Once Upon a Farm lowered its fiscal 2026 outlook to $290 million–$300 million in net sales and an Adjusted EBITDA loss of $4.5 million–$7 million. The outlook assumes no Tractor Wheels sales after the recall and includes expected recall costs and a cautious assumption about possible effects on other products.
- Management said early post-recall data showed the broader portfolio performing slightly above its usual pace, with no observed negative impact so far; retailers have also expressed support for the brand and existing plans. Executives cautioned that the data covers only a short period.
- The company’s initial fiscal 2027 framework calls for at least $330 million in net sales and at least break-even Adjusted EBITDA, with sales growth excluding Tractor Wheels expected to exceed its 20% long-term algorithm. The framework accounts for uncertainty around the product’s return and broader recall effects, as well as ongoing cost inflation.
Once Upon A Farm Stock Performance
Shares of NYSE:OFRM traded down $0.21 during mid-day trading on Friday, hitting $9.96. The stock had a trading volume of 381,025 shares, compared to its average volume of 569,109. The company’s 50 day moving average is $15.27 and its 200-day moving average is $17.14. Once Upon A Farm has a 12-month low of $8.83 and a 12-month high of $27.00. The company has a market cap of $418.43 million and a PE ratio of -27.68.
Trending Headlines about Once Upon A Farm
These are some of the OFRM headlines that stood out recently:
- Neutral Sentiment: Growth came alongside lower gross margin, which fell to 36.1% from 42.1% a year earlier, tempering the otherwise improved quarterly results.
- Negative Sentiment: Following a recall of its Tractor Wheels snacks—which represented 18% of sales—Once Upon A Farm cut its 2026 revenue outlook to $290–$300 million, below the roughly $320.4 million analyst consensus. The company also no longer expects an adjusted profit for the year. Outlook cut following recall
- Negative Sentiment: TD Cowen lowered its price target from $13 to $10 and assigned a “hold” rating, signaling limited upside in its view. TD Cowen ratings
Institutional Trading of Once Upon A Farm
Several large investors have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Once Upon A Farm by 41.9% in the third quarter. State Street Corp now owns 235,274 shares of the organic kids food company’s stock valued at $3,706,000 after purchasing an additional 69,492 shares in the last quarter. Berger Financial Group Inc acquired a new stake in shares of Once Upon A Farm in the third quarter worth $184,000. Private Advisor Group LLC purchased a new position in shares of Once Upon A Farm during the third quarter valued at $399,000. Roubaix Capital LLC purchased a new position in shares of Once Upon A Farm during the third quarter valued at $3,477,000. Finally, Kornitzer Capital Management Inc. KS purchased a new position in shares of Once Upon A Farm during the third quarter valued at $717,000.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. Wall Street Zen downgraded Once Upon A Farm from a “hold” rating to a “sell” rating in a research report on Saturday, October 24th. Freedom Broker began coverage on Once Upon A Farm in a research note on Thursday, October 8th. They set a “buy” rating and a $24.50 price objective for the company. Barclays lifted their target price on Once Upon A Farm from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. JPMorgan Chase & Co. boosted their target price on Once Upon A Farm from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Bank of America lowered Once Upon A Farm from a “buy” rating to an “underperform” rating and cut their target price for the stock from $21.00 to $10.00 in a research report on Tuesday, November 3rd. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $23.06.
View Our Latest Stock Analysis on OFRM
Once Upon A Farm Company Profile
Once Upon A Farm is a U.S. food company that makes organic products for babies and children. Its offerings include fruit and vegetable blends, baby meals, smoothies, snacks and oat bars, sold in refrigerated and shelf-stable formats. Founded in 2015 by Cassandra Curtis and Ari Raz, the company later brought in John Foraker as chief executive and Jennifer Garner as a co-founder. Its products are designed for families seeking convenient foods made with organic ingredients. Once Upon A Farm sells its products across the United States through grocery and other retail outlets, as well as online channels.
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