GOED - 1847 Goedeker rises 2.6% on record revenue for May 2021

Online retailer of household appliances in the US, 1847 Goedeker (GOED) show strong growth with record revenue for the month of May 2021, up 41.9% Y/Y to $44.3M, written orders of $72.6M.“We continue to operate at more than a $500 million annual revenue run rate through May. While our fill rate of 61% remains well below our historical 85% rate, we continue to believe we will see a return to normal shipping trends as manufacturers catch production up to consumer demand in the latter part of the third quarter. We are now two weeks past the official closing of our Appliances Connection acquisition, and as a combined company, we are executing on a proven direct-to-consumer, or DTC, model of current investment driving scalable growth, and as such, plan to further expand our fulfillment capabilities with the addition of fulfilment centers in key markets, enabling us to further speed up processing times

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1847 Goedeker rises 2.6% on record revenue for May 2021