Hellofresh Q3 2020: 50% of COVID demand considered structural – Acknowledging the benefit from greater at-home consumption, mgmt. cited a 50:50 split between organic growth and COVID driven demand; implying c. 40-45% YoY of customer growth is considered structural. Holding retention constant, we estimate 1.2m excess customers were active in 3Q20 (out of 5m), providing a clear benefit to the long-run economics and a significant future opportunity for re-activations.
by the way. e-commerce the winner takes it all. Gusto in the UK may be a target, e.g merger with HelloFresh at some point to gain scale. How about MMM, could become a target one day too. who knows. I mean synergies in that business must be immense, buying all the food at once could lead to an increase in bargaining power with suppliers.
Hellofresh Q3 2020: 50% of COVID demand considered structural –...
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Last
3.2¢ |
Change
-0.007(18.0%) |
Mkt cap ! $3.767M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.2¢ | $33 | 1.025K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150000 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 4.0¢ | 63515 | 2 |
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| Last trade - 15.10pm 03/05/2024 (20 minute delay) ? |
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Last
3.3¢ |
Change
-0.007 ( 17.5 %) |
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| Open | High | Low | Volume | ||
| 3.9¢ | 3.9¢ | 3.3¢ | 26075 | ||
| Last updated 15.17pm 03/05/2024 ? | |||||
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