EX-99.1 2 ex99-1.htm EX-99.1

 

Exhibit 99.1

 

Buda Juice Reports First Quarter Fiscal 2026 Financial Results

 

Completes First Full Quarter as a Public Company With 17.7% Revenue Growth and 37% Free Cash Flow Growth

 

Dallas, TX, May 13, 2026 – Buda Juice, Inc. (NYSE American: BUDA), $BUDA, creator and pioneer of the Ultra Fresh™ category in the supermarket fresh perimeter, today reported financial results for the quarter ended March 31, 2026.

 

Horatio Lonsdale-Hands, Co-Founder and Chief Executive Officer of Buda Juice, commented:

 

“The first quarter of fiscal 2026 represents a meaningful milestone for Buda Juice. It was effectively our first full quarter as a public company, and we delivered on our commitments. Revenue grew nearly 18% year over year, above the mid-teens outlook we discussed on our last earnings call, while free cash flow increased 37% from the prior-year period.

 

“Gross margin was impacted by a temporary spike in lime costs following supply chain disruptions in western Mexico in March. Improved labor efficiency, with labor costs as a percentage of revenue improving more than 150 basis points year over year, helped partially offset the impact. Conditions stabilized by the end of the quarter, and we do not currently view this as reflective of the underlying economics of our business.

 

“Subsequent to quarter’s end, Buda Juice reached another major milestone with the expansion of Buda Fresh™ Cherry Limeade into 246 Walmart stores across nine states. This significantly expanded our geographic footprint beyond Texas and represents an important early step in demonstrating that the Ultra Fresh category and our Fresh35°™ cold-chain platform can scale into broader multi-state distribution.

 

“When we went public in January, we stated that expanding distribution and bringing our products to more consumers would be a key next step for the Company. We believe this expansion reflects continued progress against that strategy.”

 

First Quarter Financial Highlights (2026 vs. 2025)

 

  ● Revenue increased 17.7% to $3.5 million compared to $3.0 million;
  ● Gross Profit increased 3.5% to $1.4 million compared to $1.3 million;
  ● Operating Income decreased to $0.6 million compared to $0.8 million;
  ● Net Income of $0.4 million compared to $0.8 million;
  ● Diluted earnings per share (EPS) of $0.03;
  ● Non-GAAP Net Income of $0.6 million compared to $0.6 million;
  ● Non-GAAP EPS of $0.05;
  ● Adjusted EBITDA of $0.8 million;
  ● Free Cash Flow of $1.1 million.

 

1See GAAP to Non-GAAP reconciliations at the end of this release

 

 

 

 

 

Conference Call and Webcast Information

 

Buda Juice will host a conference call this morning, at 11:00 a.m. Eastern Time to discuss its financial and operational results for its first quarter ended March 31, 2026.

 

Dial-in and Webcast Information

 

Date/Time:   Wednesday, May 13, 2026, at 11:00 a.m. Eastern Time
Toll-Free (North America):   (800) 715-9871
Toll/International:   (646) 307-1963
Conference Call ID:   7817249
Webcast Link:   https://events.q4inc.com/attendee/605302226

 

Replay Information

 

Toll-Free (North America)   (800) 770-2030
Toll/International:   (609) 800-9909
Conference Call ID:   7817249
Expiration:   Wednesday, May 20, 2026, 11:59 p.m. Eastern Time

 

About Buda Juice

 

Buda Juice (NYSE American: BUDA) is the creator and pioneer of the Ultra Fresh™ category through an end-to-end cold chain platform that delivers always-cold, freshly crafted juices, lemonades and wellness shots to grocery retailers. The Company provides a turnkey alternative to shelf-stable beverages and in-store juicing, enabling retailers to offer truly fresh, clean-label products without added infrastructure or operational complexity. Its continuous 35°F cold chain from fruit to shelf delivers products with an 8 to 12-day shelf life that preserves authentic taste and nutrient quality while enabling efficient retail distribution.

 

Buda Juice’s proprietary cold-chain infrastructure enables the Company to scale the Ultra Fresh category nationally while maintaining the quality, safety and consistency required by leading grocery retailers, with a disciplined focus on profitability. Additional information about the Company can be found at https://budajuice.com.

 

Forward-Looking Statements

 

This press release contains certain “forward-looking statements”. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “believe,” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure investors that such expectations will turn out to be correct, and the Company cautions that actual results may differ materially from anticipated results. Additional factors are discussed in the Company’s public filings with the Securities and Exchange Commission, available for review at www.sec.gov.

 

Buda Juice Investor/Press Contact

 

Brian S. Siegel, IRC®, M.B.A.

Senior Managing Director

Hayden IR – Chicago

(346) 396-8696 (o)

brian@haydenir.com

 

 

 

 

Buda Juice LLC

Balance Sheets

(Amounts in Thousands)

 

   As of   As of 
   March 31, 2026   December 31, 2025 
   (Unaudited)     
ASSETS          
Current assets          
Cash  $19,828   $1,840 
Accounts receivable   494    386 
Inventory   445    348 
Prepaid expenses and other current assets   216    645 
Total current assets   20,983    3,219 
           
Property and equipment, net of accumulated depreciation of $2,153 and $2,096, respectively   1,138    976 
Operating lease right-of-use asset   739    775 
Total assets  $22,860   $4,970 
           
LIABILITIES AND STOCKHOLDERS’ AND MEMBERS’ EQUITY          
Current liabilities:          
Accounts payable  $623   $289 
Other current liabilities   279    161 
Operating lease liability, current portion   139    135 
Total current liabilities   1,041    585 
           
Operating lease liability, net of current portion   610    647 
Deferred income tax liability   182    - 
Total long-term liabilities   792    647 
Total liabilities   1,833    1,232 
Stockholders’ and Members’ Equity          
Members’ equity   -    2,554 
Preferred Stock, $0.001 par value; 10,000 shares authorized; 0 shares issued; 0 shares outstanding   -    - 
Common stock, $0.001 par value — 90,000 shares authorized; 13,067 shares issued; 12,567 shares outstanding   13    - 
Additional paid-in capital   23,192    - 
Less: Treasury stock   (3,750)   - 
Retained earnings   1,572    1,184 
Total stockholders’ and members’ equity   21,027    3,738 
Total liabilities and stockholders’ and members’ equity  $22,860   $4,970 

 

 

 

 

Buda Juice LLC

Statements of Operations

(Amounts in Thousands, Except Per Share Data)

 

   Three Months Ended March 31 
   2026   2025 
         
Net sales  $3,508   $2,980 
Cost of goods sold   2,122    1,642 
Gross profit   1,386    1,338 
           
Operating expenses:          
Delivery and handling expense   130    128 
Selling, general and administrative expense   663    416 
Total operating expenses   793    544 
           
Income from operations   593    794 
           
Other income   17    - 
Interest income, net   137    13 
Net income before income tax   747    807 
Income tax expense   359    - 
Net income  $388   $807 
           
Net income per share - Basic  $0.03    - 
Weighted average shares outstanding - Basic   12,287    - 
Net income per share - Diluted  $0.03    - 
Weighted average shares outstanding - Diluted   12,351    - 

 

 

 

 

Buda Juice LLC

Statements of Cash Flows

(Amounts in Thousands)

 

   Three Months Ended 
   March 31, 2026   March 31, 2025 
Cash flows from operating activities          
Net income  $388   $807 
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization   57    87 
Amortization of right to use asset   36    25 
Deferred income taxes   182    - 
           
Changes in assets and liabilities:          
Accounts receivable   (108)   (143)
Inventory   (97)   55 
Prepaid expenses and other current assets   429    (5)
Accounts payable and other current liabilities   452    107 
Payments on operating lease obligations   (34)   (29)
Net cash provided by operating activities   1,305    904 
           
Cash flows from investing activities          
Capital spending of property and equipment   (218)   (139)
Net cash used for investing activities   (218)   (139)
           
Cash flows from financing activities          
Proceeds from initial public offering   23,000    - 
Payments of underwriting discounts and offering costs   (2,349)   - 
Redemption of common stock   (3,750)   - 
Cash distributed to owners   -    (1,438)
Net cash provided by (used in) financing activities   16,901    (1,438)
           
Net change in cash and cash equivalents   17,988    (673)
Cash and cash equivalents at beginning of year   1,840    1,889 
Cash and cash equivalents at end of year  $19,828   $1,215 
Supplemental disclosures of cash flow information:          
Cash paid for interest   -    - 
Cash paid for taxes   -    - 

 

 

 

 

Non-GAAP Financial Measures

 

This press release includes references to Adjusted EBITDA and free cash flow, which are non-GAAP financial measures. These non-GAAP measures are provided as supplemental information to assist investors in evaluating the Company’s operating performance and liquidity. They are not intended to be considered in isolation or as a substitute for, or superior to, financial measures prepared in accordance with GAAP.

 

Adjusted EBITDA is defined as net income before interest expense, income taxes, depreciation and amortization, and certain non-recurring or non-cash items.

 

Free cash flow is defined as net cash provided by operating activities less capital expenditures.