HelloFresh delivered more than 600 million meals in 14 markets.
HelloFresh sales and profit soared in the fourth quarter, capping a strong year of demand from the pandemic-led increase in consumers cooking at home.
HelloFresh said revenue more than doubled for fiscal 2020 in the U.S. (up 102.3% year-over-year) and globally (up 107.3% y-o-y) as the company saw revenue rise to $1.3 billion, delivering more than 600 million meals to customers in 14 markets. Adjusted gross operating profit (AEBITDA) rose to $610 million, more than a tenfold increase compared to 2019.
The record fourth quarter results mark HelloFresh’s strongest quarter yet, driven by sequential growth in the number of active customers, reaching 5.3 million at the end of the fourth quarter, as well as strong order rates and an increase in average order value. Adjusted earnings before interest, taxes, depreciation and amortization more than quadrupled in the final quarter of last year, reaching $209.4 mill
Senior Editor HelloFresh plans to bring the U.S.-only brands Green Chef, Every Plate and Factor into new markets in the International Segment.
Meal-kit provider HelloFresh has opened a new distribution center, this one located in Totowa, New Jersey.
The 127,055 square-foot facility supports the production and distribution of EveryPlate, HelloFresh’s rapidly growing meal-kit brand focused on value, convenience and customization.
Across its three brands, HelloFresh, EveryPlate and Green Chef, the company operates multiple distribution centers in New Jersey with locations in Newark, Swedesboro and now, Totowa. During the initial launch phase, the Totowa facility brings 225 new jobs to the region in production, operations and management roles, with plans to expand production over the next year.