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BRIEF-Goodfood Market Corp Q3 Revenue More Than Doubled To $49.9 Million

Published 2019-07-11, 06:41 a/m
BRIEF-Goodfood Market Corp Q3 Revenue More Than Doubled To $49.9 Million
FOOD
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July 11 (Reuters) - Goodfood Market Corp FOOD.TO :

* GOODFOOD REPORTS STRONG THIRD QUARTER RESULTS WITH GROSS MERCHANDISE SALES¹ RUN-RATE EXCEEDING $250 MILLION AND RECORD GROSS MARGINS FROM AUTOMATION INVESTMENTS AND GROWING SCALE

* GOODFOOD MARKET CORP - ACTIVE SUBSCRIBERS INCREASED TO 189,000 AS AT MAY 31, 2019, A NET INCREASE OF 100,000 SINCE BEGINNING OF FISCAL YEAR 2019

* GOODFOOD MARKET CORP - REVENUE FOR Q3 MORE THAN DOUBLED TO $49.9 MILLION, COMPARED TO $22.2 MILLION IN CORRESPONDING PERIOD OF FISCAL 2018

* GOODFOOD MARKET CORP - REVENUE AND GROSS MERCHANDISE SALES FOR Q3 2019 WERE RESPECTIVELY $49.9 MILLION AND $61.2 MILLION

* GOODFOOD MARKET CORP QTRLY LOSS PER SHARE $0.06

* GOODFOOD MARKET CORP - Q4 OF GOODFOOD IS TYPICALLY SLOWEST QUARTER OF YEAR DUE TO SEASONAL DEMAND PATTERNS

* GOODFOOD MARKET CORP - Q4 OF GOODFOOD IS TYPICALLY SLOWEST QUARTER OF YEAR DUE TO SEASONAL DEMAND PATTERNS

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