TL;DR CNBC

HelloFresh shares dive 42% after meal kit giant warns on outlook

Publishing timestamp: 2024-03-08 12:07:29

Summary

HelloFresh shares plunged 42% after company announced lower earnings expected in 2024, with adjusted EBITDA forecasted to fall to between 350 million and 400 million euros. Analysts described the outlook as "far worse" than anticipated, citing disappointing growth and elevated customer acquisition costs.

Sentiment: NEGATIVE

Tickers: HFG-DE,  HFG-FF, 

Keywords: markets,  business news,  breaking news: markets,  hellofresh se,  earnings,  berlin, 

Source: https://www.cnbc.com/2024/03/08/hellofresh-shares-dive-42percent-after-meal-kit-giant-warns-on-outlook.html