Added to YB: 2026-08-28
Pitch date: 2026-08-26
HBFG.CN [neutral]
Happy Belly Food Group Inc.
+3.14%
current return
Author Info
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Company Info
Happy Belly Food Group Inc. operates as a multi-branded restaurant company that engages in acquiring and scaling emerging food brands across Canada.
Market Cap
CAD 252.6M
Pitch Price
CAD 1.59
Price Target
N/A
Dividend
N/A
EV/EBITDA
-18.13
P/E
-14.07
EV/Sales
8.98
Sector
Health Care Technology
Category
growth
Happy Belly Food Group ($HBFG.C) FINS Review
HBFG.CN (earnings): Q2 revenue rose 56% and QSR sales beat the ~$26.9M estimate by $1.5M, while record cash of $12M provides strong liquidity. However, product gross margin fell 550bps, G&A and payroll rose 72% and 89%, and ex-SBC operating income swung from a $221K profit to a $338K loss. Operating cash flow declined for a third straight quarter and dilution reached 29% YoY. At roughly $1.60, the shares are fairly valued; the three-star rating is maintained, with Q4/Q1 seasonality the key test.
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