“HelloFresh shares dive 42% after meal kit giant warns on outlook”
March 12, 2024
“…
- HelloFresh shares plunged 42% on Friday after the company said it expected lower earnings in 2024.
- Adjusted EBITDA is seen at 448 million euros ($480 million) for fiscal 2023, down from 477 million euros the year before. In 2024, the company expects adjusted EBITDA to fall to between 350 million and 400 million euros.
- Analysts at UBS described the new outlook as “far worse” than anticipated.
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