HelloFresh saw its shares rise 11% after reporting second-quarter earnings that beat analyst estimates. Revenue for HelloFresh increased by nearly 2%. The German meal kit company's ready-to-eat meal delivery business saw 50% growth in the first half of 2024, boosting results. The company has focused on expanding its ready-meal offerings as demand for meal kits declined post-pandemic. HelloFresh shares had fallen 75% in the last 12 months on higher rates and doubts about sustaining pandemic growth.
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00:00It's been Zynga, and here's what's on the block.
00:02HelloFresh saw its shares rise 11% after reporting second quarter earnings that beat
00:07analysts' estimates. Revenue for HelloFresh increased by nearly 2%.
00:12The German meal kit company's ready-to-eat meal delivery business saw 50% growth in the first
00:16half of 2024, boosting results. The company has focused on expanding its ready meal offerings as
00:22demand for meal kits declined post-pandemic. HelloFresh shares had fallen 75% in the last
00:2812 months on higher rates and doubts about sustaining pandemic growth.
00:31For all things money, visit benzinga.com