Goodfood Market Corp. (T:FOOD)
Business Focus: E-commerce & Auction Services
| Sector: Technology | Industry: Online Services |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 4600 Hickmore St SAINT-LAURENT QC H4T 1K2 |
| Tel: | 1-855-5155191 |
| Website: | https://www.makegoodfood.ca |
| IR: | See website |
| Key People | ||
| Jonathan Ferrari Chairman of the Board, Chief Executive Officer, Co-Founder | Neil Cuggy President, Co-Founder, Chief Operating Officer, Director | Jonathan Roiter Chief Financial Officer |
| Jennifer Stahlke Executive Vice President - Marketing and Member Happiness | Mohammad Awada Executive Vice President - Head of Strategic Execution | Simon Brown Executive Vice President - Product and Merchandising |
| Gregory Christopher Executive Vice President - Operations | Bipasha Chiu Chief Technology Officer | Nadia Jubinville Vice President - Legal Affairs, General Counsel, Corporate Secretary |
| Business Overview |
| Goodfood Market Corp. is a Canada-based online grocery company. The Company is focused on delivering fresh meal solutions and grocery items for members from across Canada. The Company's unlimited same-day grocery delivery service, Goodfood WOW, offers an even more flexible and convenient online grocery experience, allowing members to order any combination of meal kits, groceries, prepared meals and other products as frequently as needed during the week, with same-day delivery included for all orders over $35, for a monthly subscription fee. The Company's main production facility and administrative offices are based in Montreal, Quebec, with additional production facilities located in the provinces of Quebec, Ontario, Alberta, and British Columbia. It has approximately 317,000 active subscribers. |
| Financial Overview |
| For the 26 weeks ended 05 March 2022, Goodfood Market Corp revenues decreased 21% to C$151.2M. Net loss increased from C$7.3M to C$42.3M. Revenues reflect Online Sales - Total decrease of 21% to C$151.2M. Higher net loss reflects Merchandise Margins - Total - % decrease of 23% to 24%, Selling, general and administrative increase of 10% to C$67.7M (expense), Reorganization costs increase from C$0K to C$3.1M (expense). |
| Employees: | 3,200 as of Aug 31, 2021 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $87.26M as of Mar 5, 2022 |
| Annual revenue (TTM): | $338.35M as of Mar 5, 2022 |
| EBITDA (TTM): | -$50.23M as of Mar 5, 2022 |
| Net annual income (TTM): | -$67.39M as of Mar 5, 2022 |
| Free cash flow (TTM): | -$95.50M as of Mar 5, 2022 |
| Net Debt Last Fiscal Year: | $33.25M as of Mar 5, 2022 |
| Shares outstanding: | 75,010,891 as of Mar 5, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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