HelloFresh thrives in adversity

HelloFresh has reported it’s earnings and it is expecting to be revealing some great numbers for investors. This is due to the great start to 2020 despite the adversities due to the Coronavirus. The Coronavirus has actually had a significantly positive effect on HelloFresh’s results due to consumers dining at home more often.
HelloFresh is based in Germany and their meal delivery to your door kits now operates in 12 markets around the world. The company has boasted that they have delivered over 100 million meals and has over 4 million customers actively ordering. This result is a big increase from its 2.5 million customers last year.
The good result was not just a result of Coronavirus but it did help with boosting revenue even more. Expectations now are that the company will have a full year revenue growth of 40 percent to 50 percent. It was previously advised to the market that they would have growth of 22 percent to 27 percent. Adjusting earnings is expected to show a result of between 6 percent to 10 percent.
Their share price rose on the news due to the good result announcement as well as the expectation that the Coronavirus will continue to drive demand for Hello Fresh’s products.
For a great deal at HelloFresh, use a HelloFresh promo code for your purchase.