Get the app today! Download iPhone App Download Android App

Meal-Kit Firm HelloFresh Lowers Expectations For Full Year

Published on Aug 14 2018 9:18 AM in Technology tagged: HelloFresh / Delivery Hero / Meal Kits / Paywall / Green Chef

Meal-Kit Firm HelloFresh Lowers Expectations For Full Year

German meal-kit delivery firm HelloFresh has said that it no longer expects to break even in the fourth quarter of this year as it plans to invest margin profits to support growth.

HelloFresh added it now planned to achieve such break-even on adjusted earnings before interest, taxes, depreciation and amortisation (AEBITDA) basis during the course of 2019.

It follows other companies across the online takeaway and meal-kits sector such as Delivery Hero, who decided to shelve profitability targets this year and spend heavily in order to gain greater market share.

Price Reductions

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email