ASX-listed Marley Spoon eyes worst day on FY21 revenue forecast cut

Marley Spoon SE

29/10/2021 04:50

** Shares of Marley Spoon AG  MMM.AX  drop as much as 34% to
A$0.990, head for their worst session ever 
    ** Germany-based meal-kit service provider says it expects
FY21 revenue to grow between 26%-28%, compared with prvs
forecast of 30% to 35% growth  urn:newsml:reuters.com:*:nASX1zXZkx
    ** Co cuts revenue forecast as volatile customer behaviour
during the Northern Hemisphere summer resulted in
higher-than-normal skip rates
    ** Stock hits lowest level since June 2020
    ** 6.1 mln shares change hands, compared with the 30-day
average volume of 587,145
    ** Stock top pct loser in the ASX All Ordinary Share Index
 .AORD 
    ** Stock has fallen ~44.1% this year, as of last close

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))