Food Trucks - +18% YoY, profitable from P3.
Mobile catering is the strongest YoY contributor in the system. P1 and P2 carry seasonal and repair drag every year; P3 onward, the unit prints positive net income at a double-digit margin.
P1–P5 YoY Comp
2026 Trucks sales are $298K through P5, up 18% vs the same period last year. The growth story is real but lumpy driven by the catering pipeline, not steady storefront volume.
P&L by Period 2026
P1 and P2 carry the seasonal and repair drag every year. P3 forward is the operating proof: $30K of net income on $223K of sales a 13.6% margin.
P&L by Period 2025 (Akuranvyka USA Inc)
Prior-year comp under the prior reporting entity. Same shape: P1–P2 loss, P3 inflection, profitable through P5. P5 2025 was an outlier high-margin period.
Profitable Window: P3–P5
The cleanest read on the Trucks operating model is the back-half of the year after seasonal drag. Trucks earn money they just don't earn money in P1 and P2.
After the seasonal drag clears
- Sales
- $222,845
- COGS
- $53,791 · 24.1%
- Gross profit
- $169,054 · 75.9% GM
- Operating expenses
- $138,668
- Net income
- +$30,384
- Net margin
- 13.6%
Trucks are accretive once they're past P2.
P1 and P2 lose roughly $25K combined every year on weak winter sales and an annual fixed-cost slug (truck repairs, permits, licensing). From P3 forward, the operating model produces double-digit margins.
Annualizing the P3–P5 run rate implies the business clears its own P1–P2 drag and prints positive full-year net income. Closing the early-year hole is the single highest-ROI operating fix.
CFO Reads
What the numbers tell us about the Trucks business heading into the back half of 2026.
Average P1–P5 food cost is 25.1%. P3 hit 21% on catering mix. The cost line is in control.
P3 sales were 2.5x P1. Catering is the swing factor building a steadier booked calendar smooths the year.
P2 opex was $44K against $39K sales. Truck repairs, licensing, and labor scheduling in the slow periods are the fix.
P5 2025 net margin of 32% reflected a temporarily lighter opex base. The 2026 mid-single-digit margins are the cleaner read.
+18% YoY through P5 the strongest comp in the portfolio. This is where incremental sales dollars are coming from.
Food Trucks are a true growth contributor sales +18% YoY through P5 and three consecutive profitable periods at a blended ~13.6% net margin. The drag is concentrated in P1–P2 (seasonality plus annual repair / licensing). Fix the early-year fixed cost load and the unit is structurally accretive.