Brief: Goodfood Market Says Gross Merchandise Sales Increased $22.4 Mln In Q2 2020 To Reach $68.9 Mln

Goodfood Market

08/04/2020 11:55

April 8 (Reuters) - Goodfood Market Corp  FOOD.TO :
    * GOODFOOD DELIVERS CONTINUED STRONG GROWTH AND MARGIN
IMPROVEMENT
WITH GROSS MARGIN SURPASSING THE 30% MARK, Q2 REVENUE OF $59
MILLION, LTM REVENUE¹ SURPASSING $210 MILLION AND RUN-RATE GMS¹
REACHING $300 MILLION
    * GOODFOOD MARKET CORP - GROSS MERCHANDISE SALES INCREASED
$22.4
MILLION IN Q2 2020 TO REACH $68.9 MILLION
    * GOODFOOD MARKET CORP - HAS STARTED TO EXPERIENCE IMPACT OF
OUTBREAK OF COVID-19 ON ITS OVERALL BUSINESS AND OPERATIONS
    * GOODFOOD MARKET CORP - AS AN ESSENTIAL SERVICE IN CANADA,
GOODFOOD CONTINUES TO OPERATE DURING CURRENT PANDEMIC
    * GOODFOOD MARKET CORP - HAVE EXPERIENCED CHALLENGES TO OUR
OPERATIONS AND SUPPLY CHAIN, PUTTING PRESSURE ON FOOD AND LABOUR
COSTS
    * GOODFOOD MARKET - STARTING MARCH 26, RAISED PAY OF ALL ITS
HOURLY AND SALARIED OPERATIONS AND PRODUCTION EMPLOYEES BY A
MINIMUM OF $2/HOUR
    * GOODFOOD MARKET CORP - PAY RAISE WILL BE EFFECTIVE
THROUGHOUT
DURATION OF COVID-19 CRISIS

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

 (Reuters.Briefs@thomsonreuters.com)