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Jan. 30, 2018, 11:07 a.m. EST

HelloFresh stock soars after preliminary revenue numbers beat estimates

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By Emily Bary

Shares of European meal-kit firm HelloFresh SE /zigman2/quotes/209850698/delayed DE:HFG +1.83% are up 4.9% in Tuesday trading after the company, which trades in Germany, announced preliminary revenue for its December quarter ahead of analysts' expectations. HelloFresh said it generated between €250 million and €253 million in revenue for the December period. The FactSet consensus estimate, which consists of figures from two analysts, called for €238 million. The company also said that it grew its active-customer base by 69%, to 1.45 million, during the quarter. HelloFresh went public just a few months after fellow meal-kit firm Blue Apron Holidings Inc. /zigman2/quotes/203710464/composite APRN -1.01% sputtered following its own IPO. With shares of HelloFresh up 22% from their November IPO price, European investors have been more receptive to the meal-kit listing than U.S. investors have been to Blue Apron's public debut. Whereas Blue Apron's revenue is projected to have contracted during the December quarter, HelloFresh grew revenue by about 58% during the latest period. Blue Apron's stock is down 70% from its June IPO price, including a 2.2% drop in Tuesday morning trading. The S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.15% is up 18% since Blue Apron went public in June.

/zigman2/quotes/209850698/delayed
DE : Germany: Frankfurt
48.88
+0.88 +1.83%
Volume: 2,045
Aug. 7, 2020 5:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€299,158
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/zigman2/quotes/203710464/composite
US : U.S.: NYSE
$ 8.84
-0.09 -1.01%
Volume: 895,630
Aug. 7, 2020 12:16p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$120.92 million
Rev. per Employee
$284,934
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/zigman2/quotes/210599714/realtime
US : S&P US
3,344.22
-4.94 -0.15%
Volume: 884.60M
Aug. 7, 2020 12:17p
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