HelloFresh: meal-kit still down 10% in Q2; better focus on EBITDA
Q2 was a reflection of Q1 with a disappointing top-line performance (especially in the core meal-kit business, down 10% in Q2), whereas EBITDA outperformed and surprised positively thanks to stronger HQ streamlining efforts and lower discount incentives in meal-kit. FY 2024 guidance has been reiterHelloFresh is engaged in the delivery of meal kits to customers in the U.S., the United Kingdom, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland and Canada. Co. provides portioned food and recipes, which its subscribers receive in weekly boxes. Co. provides both omnivore and vegetarian options, with fresh ingredients and chef-inspired recipes.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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