HLFFF - HelloFresh: Solid Q1 Results And Its Growth Momentum Continues
In its short history as a publicly-listed company, HelloFresh has continued to positively surprise the market with its ability to over-deliver on growth, in most cases through better-than-expected customer acquisition as the category gained traction faster than the market anticipated. Q1-20 was no exception; even prior to social distancing measures that resulted in an increase in demand in the last two weeks of March, HelloFresh was growing at rates above 40% in January and February. I believe the company was functioning at full capacity in most markets in April and May, restricting its ability to