Armanino Foods of Distinction (AMNF) investor relations material

Executive summary

• Achieved record net sales of $21.7 million for Q2 2026, up 8.5% year-over-year, with gross profit rising 14.8% and gross margin expanding by 265 basis points.

• Non-GAAP operating income grew 14.9% to $7.3 million, and non-GAAP net income increased 13.9% to $5.6 million, reflecting strong underlying business performance.

• Expanded national account business, secured new distribution at Walmart and Kroger, and delivered record international sales, especially in Asian markets.

• Signed a 15-year lease for a new, highly automated manufacturing facility in Mountain House, CA, to support future growth.

Financial highlights

• Net sales for Q2 2026 were $21.7 million, up from $20.0 million in Q2 2025 (8.5% increase).

• Gross profit rose to $10.5 million (14.8% increase), with gross margin at 48.3%, up from 45.6% year-over-year.

• Operating income was $6.4 million (1.4% increase), and net income was $4.9 million, flat year-over-year.

• Diluted EPS was $0.1581, up 2.4% from $0.1544 in Q2 2025.

• Non-GAAP EPS was $0.1793, up 15.5% year-over-year.

Outlook and guidance

• Management targets continued growth by strengthening foodservice leadership, expanding sauce portfolio adoption, converting national account pipeline, and accelerating international growth.

• The new Mountain House facility, a $20 million investment funded from cash on hand, is expected to drive efficiency and capacity, with production transition targeted for Q2 2027.