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Nia Warfield

HelloFresh stock is cooking after earnings deliver

Shares of HelloFresh jumped 19%, their second-best day ever according to FactSet, after the company posted better-than-expected profit growth for the second quarter. The German meal-kit delivery business ships customers fresh ingredients and recipe cards to chef up meals at home. The company said its Q2 revenue jumped nearly 2% to $2.1 billion, while its average order value grew around 5%. 

While HelloFresh's meal-kit delivery business saw a dip in quarterly sales, its ready-to-eat segment saw 45% revenue growth. HelloFresh has been expanding its pre-made options (like an oven-ready lasagna) since 2020 as demand for DIY meals cooled.

HelloFresh shares pop 19% as meal kit giant beats profit estimates

HelloFresh

While HelloFresh's meal-kit delivery business saw a dip in quarterly sales, its ready-to-eat segment saw 45% revenue growth. HelloFresh has been expanding its pre-made options (like an oven-ready lasagna) since 2020 as demand for DIY meals cooled.

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Warner Bros. says “more than 93%” of its shareholders have rejected Paramount. That’s probably not going to change substantially unless Paramount boosts its offer.

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Retail display of Takis snack food in various spicy flavors in Target store, Queens, New York

America’s love for spicy food and mouth-tingling sauces has surged, but are we approaching “peak heat”?

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