Added to YB: 2026-05-14
Pitch date: 2026-05-10
HBFG.CN [neutral]
Happy Belly Food Group Inc.
-2.47%
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 251.6M
Pitch Price
CAD 1.62
Price Target
N/A
Dividend
N/A
EV/EBITDA
-53.98
P/E
-28.00
EV/Sales
11.55
Sector
Health Care Technology
Category
growth
Mother's Day Earnings Recap - The Mother of all FINS Reviews - Happy Belly Food Group Inc.
HBFG.CN (earnings): Q4 system sales down 12% QoQ to $16.9M despite flat store count, while costs surged (direct +47%, payroll +5%). Op loss $2.4M vs profitable first 9 months. YOY strong (+108% sales, 77 vs 43 locations), but sequential weakness unexplained beyond seasonality. Ghost Taco acquisition adds 6 Mexican locations. Concerns warrant closer scrutiny going forward.
Read full article (3 min)