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Business, Stocks

“HelloFresh shares dive 42% after meal kit giant warns on outlook”

“…

  • 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.

…”

https://www.cnbc.com/2024/03/08/hellofresh-shares-dive-42percent-after-meal-kit-giant-warns-on-outlook.html

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