Meal-kit maker HelloFresh has today reported weaker than expected fourth-quarter core earnings, as it pivots its business from its staple meal-kits towards a ready-to-eat offering.
The Berlin-based company's quarterly adjusted core profit (AEBITDA) rose 1% from a year earlier to €166m, which was below analysts' average estimate of €167.2m in a company-compiled poll.
The German food company reported in February lower-than-expected preliminary group revenue for 2025 and said it would cease operations in Italy and Spain, citing a lack of a viable path to profitability.
For 2026, the firm expects a further decrease in revenue of around 3% to 6%, dragged by prolonged effects of operational and manufacturing bottlenecks in the US on consumer retention in the ready-to-eat business.
It expects AEBITDA for the 2026 financial year to be between €375m and €425m in constant currency, saying weather disruptions will be the primary driver behind an expected decrease compared to 2025.
