Buda Juice Reports Second Quarter 2026 Financial Results
Buda Juice Reports Second Quarter 2026 Financial Results
Thu, August 13, 2026 at 11:02 AM UTC
0
DALLAS--(BUSINESS WIRE)--Aug 13, 2026--
Buda Juice, Inc. (NYSE American: BUDA | NYSE Texas: BUDA), creator and pioneer of the Ultra Fresh category in the supermarket fresh perimeter, has reported its financial results for the second quarter ended June 30, 2026.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260812810209/en/
A recent Buda Fresh installation at a large grocery retailer. The Buda Fresh section (right) represents roughly 1/3 of the cooler, which the Company believes outsells the remaining 2/3 that hold conventional pasteurized juices.
Financial Summary (in millions except EPS) :
Three Months Ended June 30
$ in millions
2026
2025
% Change
Revenues
$4.5
$3.6
26.4%
Gross profit
$1.7
$1.7
(1.0%)
Gross margin
36.6%
46.7%
(1,010) bps
Net Income 1
$0.5
$1.2
(59.8%)
Diluted EPS 1
$0.04
Adjusted EBITDA 2
$0.7
$1.2
(39.8%)
Adjusted EBITDA margin 2
16.1%
33.8%
(1,770) bps
Free Cash Flow 2
$(0.8)
$0.7
Second Quarter 2026 & Subsequent Operational Highlights:
Early point-of-sale observations from one recent installation at a large grocery retailer indicate that the Buda Fresh section, roughly one third of the juice cooler, may be outselling the entire adjacent pasteurized juice set.
Expanded Buda Fresh distribution into 246 Walmart locations across nine states, the Company’s major distribution expansion beyond its established Texas base.
Completed a small, cash-funded asset acquisition in freshly prepared dressings, in direct response to an existing customer opportunity. The products are merchandised alongside Buda Fresh products in the produce section and run on the same Fresh35° cold chain.
Cash and cash equivalents as of June 30, 2026, totaled $18.8 million, with no outstanding debt.
Preliminary, unaudited net sales through the first six weeks of the third quarter increased more than 40% compared with the corresponding period in 2025. Same-store sales 3 growth is contributing approximately 20 percentage points, with the balance primarily attributable to Walmart and the dressings business.
Horatio Lonsdale Hands, Co-Founder and Chief Executive Officer of Buda Juice, said:
“Something important is happening in the grocery juice category. For decades, the category has been built around pasteurized, shelf-stable juice, and consumers are increasingly walking past it. What they respond to, powerfully, is truly fresh juice, with strong value, merchandised cold in the produce section. Fresh juice is not a premium version of the existing category; it behaves like a different category of beverage altogether, a daily staple enjoyed by adults and children alike.
“Major grocery retailers are beginning to recognize this and to reset their juice sections around fresh. We believe this is a structural shift, not a merchandising trend, and the early data is striking. For example, in one recent installation at a large retailer, the Buda Fresh section occupies roughly one third of the juice cooler. Yet, we believe it may be outselling the entire adjacent pasteurized juice set. It is a single early data point, but it is consistent with what we are seeing in our established markets: when consumers are offered truly fresh juice, it wins decisively.
“Delivering on this shift is difficult, and that is precisely Buda’s advantage. Producing clean-label fresh juice, holding it at 35°F from harvest to shelf, and giving retailers 8-12 day shelf life with no in-store labor is an operational challenge very few suppliers can meet. Our proprietary Fresh35° cold chain was built for exactly this moment. As retailers rebuild the juice category around fresh in the produce section, we believe Buda is one of the very few companies positioned to actually deliver on it reliably, safely and at scale.
“Our second quarter results reflect a business investing behind that opportunity. Revenue grew 26.4%, and we are seeing that as customers experience Ultra Fresh, they come back, try new flavors and make it a larger portion of their beverage spend as they recognize its versatility as a value Ultra Fresh beverage, with Buda Fresh products ranging from $1.47 to $5.99, the entire family enjoys. Gross margin in the quarter was compressed by identifiable, largely transitory items rather than by the underlying economics of the juice business, and we expect much of that pressure to resolve as dressings production moves in-house.
“The juice category is being rebuilt in front of us. Our job is to stay disciplined, maintain operational excellence that supports strong margins and make sure that wherever a retailer decides to go fresh, Buda is the clear choice.”
Second Quarter 2026 Financial Results
Revenue increased 26.4% to approximately $4.5 million, compared to approximately $3.6 million in the year-ago quarter. The core beverage business continued to deliver healthy same-store sales growth, supplemented by partial-quarter contributions from two initiatives launched during the quarter: the expansion of Buda Fresh™ distribution into 246 Walmart locations across nine states, and a small, cash-funded asset acquisition in freshly prepared dressings.
Gross profit was approximately $1.7 million, or 36.6% of total revenue, compared to approximately $1.7 million, or 46.7% of total revenue, in the year-ago quarter. The gross margin decline was concentrated in identifiable, largely transitory items rather than in the underlying economics of the juice business, including:
Approximately 320 basis points from temporary third-party co-packing for the newly acquired dressings; in effect, start-up costs of entering the category that are expected to be substantially eliminated when production moves into the Buda Dallas plant in the first quarter of 2027;
Approximately 290 basis points from the residual impact of the high cost of limes coming into the first half of the second quarter;
Approximately 270 basis points from unusually elevated inbound freight for the juice business, which the Company believes could be passed through over time if it were to persist; and
Approximately 100 basis points of additional labor costs for training investments related to facility upgrades and facility audit preparedness.
Operating expenses were approximately $1.2 million, compared to approximately $0.5 million in the year-ago quarter. As a percentage of revenue, operating expenses were 26.8%, compared to 14.7% in the year-ago quarter, reflecting public company costs, stock-based compensation expense, added commercial capability to support the Walmart expansion and the acquisition of the dressings business. Operating income was approximately $0.4 million, compared to approximately $1.1 million in the year-ago quarter when Buda was a private company.
Net income was approximately $0.5 million, or $0.04 per diluted share, compared to net income of approximately $1.2 million in the year-ago quarter when Buda was a private company.
Adjusted EBITDA was approximately $0.7 million, or 16.1% of revenue, for the second quarter of 2026, compared to approximately $1.2 million, or 33.8% of revenue, in the year-ago quarter.
Cash and cash equivalents as of June 30, 2026, totaled approximately $18.8 million, with no outstanding debt.
Free cash flow was ($0.8) million in the quarter, primarily reflecting a one-time increase in accounts receivable as a major customer transitioned to non-discounted payment terms, along with approximately $0.4 million in capital expenditures to upgrade the Dallas facility for the fresh dressings production line. Together, these items drove a ($1.9) million swing in Free Cash Flow during the quarter. The Company expects Free Cash Flow to normalize during the third quarter.
1 The prior-year period reflects the results of Buda Juice, LLC, the Company’s predecessor entity. Before its conversion into a Delaware corporation on January 1, 2026, the Company was treated as a partnership for U.S. federal income-tax purposes and was not subject to federal corporate income taxes or public company expenses. Because no shares of common stock were outstanding during the prior-year period, prior-year earnings per share is not presented.
2 Throughout this release, Adjusted EBITDA and Free Cash Flow are presented as non-GAAP financial measures intended to provide useful information that supplements results in accordance with GAAP. Please refer to the Reconciliation of Non-GAAP Financial Measures at the end of this release for an explanation of Buda’s formulations of Adjusted EBITDA and Free Cash Flow to the most directly comparable GAAP measure.
3 The Company defines same-store sales as sales to retail locations served during both comparison periods and excludes revenue from the acquired dressings business. These preliminary figures remain subject to the Company’s normal period-end closing and review procedures.
Q2 2026 Earnings Conference Call and Webcast
Management will host an investor conference call at 11:00 a.m. Central Time today, Thursday, August 13, 2026, to discuss the Company’s second quarter 2026 financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, please use the following information:
Advertisement
Date: Thursday, August 13, 2026 Time: 11:00 a.m. Central Time Toll-Free Dial-in: 1-800-715-9871 International Dial-in: 1-646-307-1963 Conference ID: 7817249 Webcast:https://events.q4inc.com/attendee/220534047
Please join at least five minutes before the start of the call to ensure timely participation.
About Buda Juice
Buda Juice, Inc. (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, wellness shots and other fresh products to grocery retailers. The Company provides a turnkey alternative to shelf-stable products and in-store production, enabling retailers to offer truly fresh, clean-label products without added infrastructure or operational complexity. Its continuous 35°F cold chain from production 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. For more information, please visit budajuice.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include information about management’s view of the Company’s future expectations, plans and prospects, including statements regarding retail category trends, retailer merchandising decisions, expected margin improvement, the transition of dressings production in-house and preliminary sales results, and are generally preceded by words such as “anticipate,” “believe,” “eventually,” “expect,” “future,” “may,” “look forward to,” “plan,” “projected,” “should,” “will,” and other words that convey the uncertainty of future events or outcomes. You are cautioned that such statements are subject to a multitude of known and unknown risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Certain of these risk factors and others are included in documents the Company files with the Securities and Exchange Commission, available at sec.gov.
The Company has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other factors, contingencies, and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. You are urged not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except as may be required by applicable law or regulation, the Company does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.
Buda Juice, Inc.
Condensed Balance Sheets
(in thousands)
As of June 30, 2026
As of December 31, 2025
(Unaudited)
Current assets
Cash and cash equivalents
$
18,819
$
1,840
Accounts receivable
1,359
386
Accounts receivable - related party
499
Inventory
613
348
Prepaid expenses and other current assets
271
645
Total current assets
21,561
3,219
Property and equipment, net of accumulated depreciation of $2,216 and $2,096, respectively
1,544
976
Operating lease right-of-use asset
703
775
Total assets
$
23,808
$
4,970
LIABILITIES AND STOCKHOLDERS’ AND MEMBERS’ EQUITY
Current liabilities:
Accounts payable
$
737
$
289
Accounts payable - related party
455
Other current liabilities
82
161
Operating lease liability, current portion
144
135
Total current liabilities
1,418
585
Operating lease liability, net of current portion
573
647
Deferred income tax liability
182
Total long-term liabilities
755
647
Total liabilities
2,173
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
23,330
Less: Treasury stock
(3,750
)
Retained earnings
2,042
1,184
Total stockholders’ and members’ equity
21,635
3,738
Total liabilities and stockholders’ and members’ equity
$
23,808
$
4,970
Buda Juice, Inc.
Condensed Statements of Operations
(Unaudited, in thousands, except per share amounts)
Three Months Ended June 30
Six Months Ended June 30
2026
2025
2026
2025
Net sales
$
4,508
$
3,567
$
8,016
$
6,547
Cost of goods sold
2,857
1,900
4,979
3,542
Gross profit
1,651
1,667
3,037
3,005
Operating expenses:
Delivery and handling expense
152
145
282
273
Selling, general and administrative expense
1,055
378
1,718
785
Total operating expenses
1,207
523
2,000
1,058
Income from operations
444
1,144
1,037
1,947
Other income
6
22
23
22
Interest income, net
149
13
286
26
Net income before income tax
599
1,179
1,346
1,995
Income tax expense
129
9
488
18
Net income
$
470
$
1,170
$
858
$
1,977
Net income per share - Basic
$
0.04
$
0.07
Weighted average shares outstanding - Basic
12,567
12,428
Net income per share - Diluted
$
0.04
$
0.07
Weighted average shares outstanding - Diluted
12,873
12,719
Buda Juice, Inc.
Condensed Statements of Cash Flows
(Unaudited, in thousands)
Six Months Ended
June 30, 2026
June 30, 2025
Cash flows from operating activities
Net income
$
858
$
1,977
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
120
156
Amortization of right to use asset
72
50
Stock-based compensation
213
Deferred income taxes
182
Changes in assets and liabilities:
Accounts receivable
(1,472
)
(105
)
Inventory
(165
)
(109
)
Prepaid expenses and other current assets
374
(146
)
Accounts payable and other current liabilities
823
68
Payments on operating lease obligations
(65
)
(58
)
Net cash provided by operating activities
940
1,833
Cash flows from investing activities
Capital spending of property and equipment
(688
)
(270
)
Acquisition of related party asset group
(100
)
Net cash used for investing activities
(788
)
(270
)
Cash flows from financing activities
Proceeds from initial public offering
23,000
Payments of underwriting discounts and offering costs
(2,423
)
Redemption of common stock
(3,750
)
Cash distributed to owners
(1,748
)
Net cash provided by (used in) financing activities
16,827
(1,748
)
Net change in cash and cash equivalents
16,979
(185
)
Cash and cash equivalents at beginning of period
1,840
1,887
Cash and cash equivalents at end of period
$
18,819
$
1,702
Supplemental disclosures of cash flow information:
Cash paid for interest
$
$
Cash paid for taxes
$
358
$
Use of Non-GAAP Measures
Adjusted EBITDA, defined as earnings (loss) before interest, taxes, depreciation and amortization, stock compensation expense, transaction-related expenses (if any) and other non-recurring expenses (of any), and Free Cash Flow, defined as net cash provided (used) by operating activities less capital expenditures, represent measures that we believe is customarily used by investors and analysts to evaluate the financial performance of companies in addition to the GAAP measures we present. Our management also believes these measures are useful in evaluating our core operating results. However, this is not a measure of financial performance under GAAP and should not be considered an alternative to net income or operating income as an indicator of our operating performance. Numbers in the following reconciliation table may not add due to rounding.
Reconciliation of GAAP to Non-GAAP
(unaudited, in $millions, numbers may not add due to rounding)
Three Months Ended
June 30,
2026
2025
Net Income
$0.5
$1.2
Depreciation and amortization
$0.1
$0.1
Interest, net
$(0.1)
$(0.0)
Income tax expense
$0.1
—
Stock-based compensation
$0.2
—
Insurance proceeds
—
$(0.0)
Adjusted EBITDA
$0.7
$1.2
Q2 2026
Q2 2025
Net cash provided by operating activities
$(0.4)
$0.7
Less: Capital expenditures
$(0.5)
$(0.0)
Free cash flow
$(0.8)
$0.7
View source version on businesswire.com:https://www.businesswire.com/news/home/20260812810209/en/
CONTACT: Investor and Press Contact:Brian S. Siegel, IRC®, M.B.A.
Senior Managing Director
Hayden IR – Chicago
(346) 396-8696
brian@haydenir.com
KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT SUPERMARKET RETAIL FOOD/BEVERAGE
SOURCE: Buda Juice, Inc.
Copyright Business Wire 2026.
PUB: 08/13/2026 07:00 AM/DISC: 08/13/2026 07:02 AM
http://www.businesswire.com/news/home/20260812810209/en
Source: “AOL Money”
