Canada's Goodfood Market results top estimates on higher order frequency

Goodfood Market

07/07/2021 13:52

** Canadian online grocer  FOOD.TO  posts
better-than-expected results, helped by ready-to-cook offerings
and same-day delivery in key markets, driving larger basket
sizes and higher order frequency from customers  urn:newsml:reuters.com:*:nGNX6dvbCk
    ** Q3 revenue rises 24% to C$107.8 mln ($86.65 mln), beating
estimate of C$96.6 mln, according to Refinitiv data
    EBITDA falls to C$857,000 from C$5.4 mln, but tops
expectation of C$794,000
    ** Up to Tuesday's close, stock had fallen about 36% this
year


($1 = 1.2441 Canadian dollars)

 (Reporting by Ankit Ajmera in Bengaluru)
 ((Ankit.Ajmera@thomsonreuters.com))