Goodfood Achieves Record Quarterly Subscriber Growth With 37,000 Net Additions in Q1 2019
December 03 2018 - 7:30AM
Goodfood Market Corp. (“Goodfood” or “the Company”) (TSX: FOOD), a
leading home meal solutions company in Canada, announced today it
has achieved record quarterly subscriber growth with the addition
of 37,000 net new active subscribers in the first quarter of 2019
ended November 30, 2018. This represents an increase of 42%
over August 31, 2018 and an increase of 180% over November 30,
2017. Goodfood had 126,000 total active subscribers at the end of
the quarter.
"We are extremely pleased with the strong growth
recorded in the first quarter of 2019 as we achieved our best
quarter by far in terms of subscriber additions. We entered Fiscal
2019 with strong momentum in all our core markets across the
country," said Jonathan Ferrari, Chief Executive Officer of
Goodfood. "This record growth clearly demonstrates the
effectiveness of our targeted marketing campaigns and the strength
of our improved consumer experience. With the largest recipe
offering in the industry and value-added solutions such as
L’Artisan and Easy-Prep, we are increasing loyalty among existing
subscribers and accelerating the adoption rate."
About Goodfood
Goodfood is a leading home meal solutions
company in Canada, delivering fresh ingredients that make it easy
for subscribers to prepare delicious meals at home every week.
Goodfood’s objective is to take the hassle out of cooking, leaving
subscribers with the fun part - cooking, sharing with family and
eating. Subscribers select their favorite dishes from a variety of
originally developed recipes online. The Company prepares a
personalized box of fresh ingredients and delivers it to the
subscriber's doorstep with easy step-by-step instructions.
Headquartered in Montreal, Canada, Goodfood had 126,000 active
subscribers as of November 30, 2018. www.makegoodfood.ca
For further
information:Philippe Adam, Chief Financial Officer 1(855)
515-5191IR@makegoodfood.ca
Goodfood Market (TSX:FOOD)
Historical Stock Chart
From Apr 2024 to May 2024
Goodfood Market (TSX:FOOD)
Historical Stock Chart
From May 2023 to May 2024