Once Upon A Farm (NYSE:OFRM) Releases Earnings Results, Meets Estimates

Once Upon A Farm (NYSE:OFRM) posted its earnings results on Thursday. The organic kids food company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09), FiscalAI reports. The company 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 Up 1.1%

NYSE:OFRM traded up $0.11 during mid-day trading on Thursday, reaching $10.19. 559,229 shares of the company were exchanged, compared to its average volume of 966,690. Once Upon A Farm has a 12 month low of $8.83 and a 12 month high of $27.00. The company has a fifty day moving average of $15.27 and a 200 day moving average of $17.14.

Once Upon A Farm News Summary

Here’s some of the latest news about OFRM:

• Positive Sentiment: Q3 net sales rose 34.9% year over year to $89.1 million, while net loss narrowed to $3.8 million from $11.3 million a year earlier. Once Upon a Farm Reports Third Quarter 2026 Financial Results
• Negative Sentiment: The Tractor Wheels snack recall prompted OFRM to cut FY 2026 revenue guidance to $290 million–$300 million, below the $320.4 million consensus. The product accounted for about 18% of sales, and the company no longer expects an adjusted profit for the year. Once Upon a Farm Slashes Outlook Following Tractor Wheels Recall
• Negative Sentiment: Gross margin fell to 36.1% from 42.1% a year ago, adding to concerns about profitability alongside the recall-related sales outlook. Once Upon a Farm Reports Third Quarter 2026 Financial Results

Wall Street Analyst Weigh In

OFRM has been the subject of a number of recent analyst reports. TD Cowen dropped their target price on shares of Once Upon A Farm from $18.00 to $13.00 and set a “hold” rating for the company in a research report on Tuesday, November 3rd. JPMorgan Chase & Co. lifted their target price on shares of Once Upon A Farm from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Wall Street Zen downgraded Once Upon A Farm from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. Bank of America lowered Once Upon A Farm from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $21.00 to $10.00 in a research report on Tuesday, November 3rd. Finally, Weiss Ratings raised Once Upon A Farm from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, November 2nd. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $23.39.

Hedge Funds Weigh In On Once Upon A Farm

A number of large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new stake in shares of Once Upon A Farm during the third quarter valued at approximately $39,000. Berger Financial Group Inc acquired a new stake in shares of Once Upon A Farm in the third quarter valued at approximately $184,000. Private Advisor Group LLC acquired a new stake in shares of Once Upon A Farm in the third quarter valued at approximately $399,000. Bank of New York Mellon Corp bought a new position in Once Upon A Farm in the 2nd quarter worth approximately $781,000. Finally, Inspire Investing LLC acquired a new position in Once Upon A Farm during the 3rd quarter worth $638,000.

About Once Upon A Farm

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.