HelloFresh: Ongoing weakness in meal-kits, but encouraging signs of pragmatism
With HelloFresh beating Q3 EBITDA expectations, cutting its FY sales guidance and upgrading its FY EBITDA guidance on "marketing efficiencies", we understand that the meal-kits customer base is still far from stabilising. But HelloFresh is sending another welcome signal of pragmatism by downsizingHelloFresh 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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