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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
Tel: 1-855-5155191
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