Brief: Goodfood Market Corp Q3 Revenue More Than Doubled To $49.9 Million

Goodfood Market

11/07/2019 11:41

July 11 (Reuters) - Goodfood Market Corp  FOOD.TO :
    * GOODFOOD REPORTS STRONG THIRD QUARTER RESULTS WITH GROSS
MERCHANDISE SALES¹  RUN-RATE EXCEEDING $250 MILLION AND RECORD
GROSS MARGINS FROM AUTOMATION INVESTMENTS AND GROWING SCALE
    * GOODFOOD MARKET CORP - ACTIVE SUBSCRIBERS INCREASED TO
189,000
AS AT MAY 31, 2019, A NET INCREASE OF 100,000 SINCE BEGINNING OF
FISCAL YEAR 2019
    * GOODFOOD MARKET CORP - REVENUE FOR Q3 MORE THAN DOUBLED TO
$49.9
MILLION, COMPARED TO $22.2 MILLION IN CORRESPONDING PERIOD OF
FISCAL 2018
    * GOODFOOD MARKET CORP - REVENUE AND GROSS MERCHANDISE SALES
FOR
Q3 2019 WERE RESPECTIVELY $49.9 MILLION AND $61.2 MILLION
    * GOODFOOD MARKET CORP QTRLY LOSS PER SHARE $0.06
    * GOODFOOD MARKET CORP - Q4 OF GOODFOOD IS TYPICALLY SLOWEST
QUARTER OF YEAR DUE TO SEASONAL DEMAND PATTERNS
    * GOODFOOD MARKET CORP - Q4 OF GOODFOOD IS TYPICALLY SLOWEST
QUARTER OF YEAR DUE TO SEASONAL DEMAND PATTERNS

Source text for Eikon:  ID:nGNX6RHw5N 
Further company coverage:  FOOD.TO 

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