WTRH - Food delivery and online meal kit stocks gain

Blue Apron ([[APRN]] +4.0%) and Waitr Holdings ([[WTRH]] +5.0%) are higher on the day after HelloFresh SE says it expects revenue and adjusted EBITDA for Q1 to be significantly above consensus expectations. HelloFresh's update: "Based on the strong performance in the first quarter of 2021, the Company increases its full year 2021 revenue growth guidance for the HelloFresh Group on a constant currency basis from previously between 20% and 25% to now between 35% and 45%. The arithmetic average of published broker estimates for Euro-reported revenue growth as of 15 April 2021 amounts to 22.7%. The Company also narrows its full year 2021 AEBITDA margin guidance for the HelloFresh Group from previously between 9% and 12% to now between 10% and 12% (arithmetic average of published broker estimates as of 15 April 2021: 10.9%)." HelloFresh is due to report full earnings on May 4. HelloFresh closed the day in Germany

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Food delivery and online meal kit stocks gain