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Goodfood Market Corp T.FOOD

Alternate Symbol(s):  GDDFF | T.FOOD.DB | T.FOOD.DB.A

Consumer Defensive Specialty Retail Grocery Stores
Goodfood Market Corp. (Goodfood) is a Canada-based company, providing digitally native meal solutions brand. The Company is engaged in delivering fresh meals and add-ons that make it easy for customers from across Canada to enjoy meals at home every day. It provides access to fresh and delicious products, as well as exclusive pricing, made possible by its culinary team and direct-to-consumer infrastructure and technology. It is also focused on connecting its partner farms and suppliers to its customers’ kitchens. The Company's main production facility and administrative offices are based in Montreal, Quebec, with additional locations in the provinces of Ontario and Alberta. It is also engaged in providing premium tea varieties, which is available through Goodfood's meal kit subscriptions.


TSX:FOOD - Post by User

Goodfood Market Corp
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Post by PressReleaseon Jan 17, 2023 6:30am
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Post# 35227168

New Press Release - Goodfood Reports First Quarter Gross Margin of 35.6% and Reaffirms Expectation of Positive Adjusted EBITDA1 Next Quarter Following an 85% Year-over-Year Improvement this Quarter

New Press Release - Goodfood Reports First Quarter Gross Margin of 35.6% and Reaffirms Expectation of Positive Adjusted EBITDA1 Next Quarter Following an 85% Year-over-Year Improvement this Quarter
Net sales of $47 million for the quarter, a 39% decrease compared to the same quarter last year Record quarterly gross margin of 35.6%, an improvement of 11.6% compared to the same period last year, with Adjusted gross margin1 coming in at 36.9%, when excluding inventory write-offs related to...read article.
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