Report
Clement Genelot

HelloFresh: welcome pragmatism, but unknown downside on meal-kit customer base

HelloFresh further detailed its new commercial approach for meal-kit in its Q3 conference call. While this welcome shift was perceived as strong proof of pragmatism in a still declining meal-kit environment, it remains to be seen where the new customer base floor stands and for how long the meal-ki
Underlying
HelloFresh SE

HelloFresh 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.

Provider
Bryan Garnier
Bryan Garnier

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.

Analysts
Clement Genelot

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