HelloFresh Full Year 2023 Earnings: EPS Misses Expectations

HelloFresh (ETR:HFG) Full Year 2023 Results

Key Financial Results

• Revenue: €7.60b (flat on FY 2022).
• Net income: €19.4m (down 85% from FY 2022).
• Profit margin: 0.3% (down from 1.7% in FY 2022).
• EPS: €0.11 (down from €0.74 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

HelloFresh EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 80%.

The primary driver behind last 12 months revenue was the North America segment contributing a total revenue of €5.04b (66% of total revenue). The largest operating expense was General & Administrative costs, amounting to €3.34b (68% of total expenses). Explore how HFG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Retailing industry in Europe.

Performance of the market in Germany.

The company's shares are up 9.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for HelloFresh you should be aware of, and 1 of them makes us a bit uncomfortable.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.