HelloFresh: welcome refocus on profitability still to offset persistent meal-kit decline
As Q2 showed another quarter of disappointing growth in the meal-kit business, we welcome the tougher stance taken by HelloFresh on profitability and the focus on FCF, prompting us to lift our FY 2024-26 EBITDA by 4% and our FCF by 12%. However, we remain on the sidelines as we are still concernedHelloFresh 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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.