HelloFresh Q1 2024: On Track
56% growth in the ready-to-eat (RTE) vertical; guides for significant margin expansion in Q2
Summary:
Strong growth in the RTE vertical
Q1 revenue growth slightly ahead of expectations
Guides for 5.5-7.0% adj. EBITDA margins in Q2
As HelloFresh is currently one of my largest positions, I would like to share my thoughts regarding the Q1 numbers that HelloFresh reported last Thursday.