Earnings Call Summary | GOODFOOD MARKET CORP(GDDFF.US) Q2 2024 Earnings Conference
Earnings Call Summary | GOODFOOD MARKET CORP(GDDFF.US) Q2 2024 Earnings Conference
The following is a summary of the Goodfood Market Corp. (GDDFF) Q2 2024 Earnings Call Transcript:
以下是好食品市場公司（GDDFF）2024年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Goodfood Market Corp. recorded a positive adjusted EBITDA for the fifth consecutive quarter, totalling $3.5 million and a margin of 9%.
Total adjusted EBITDA for the past 12 months reached $9 million, a significant leap from a $12 million loss in the previous period.
Goodfood experienced positive cash flows in Q2, with $4.3 million in H1 2024, representing an $11 million improvement from H1 2023.
The company markedly reduced its net leverage by 70% from over 8 turns to slightly over 2 turns within nine months.
Gross margins maintained a consistent level around 40%, with an SG&A expense reduction surpassing $9 million compared to H1 2023.
The net sales were down by 5% YoY to $39.8 million.
Goodfood Market Corp. 連續第五個季度調整後的息稅折舊攤銷前利潤爲正，總額爲350萬美元，利潤率爲9％。
過去12個月調整後的息稅折舊攤銷前利潤總額達到900萬美元，較上一時期的1200萬美元虧損大幅增長。
Goodfood在第二季度實現了正現金流，2024年上半年爲430萬美元，比2023年上半年增加了1,100萬美元。
該公司在九個月內將其淨槓桿率從超過8週轉降至略高於2週期，淨槓桿率明顯降低了70％。
毛利率保持在40％左右的穩定水平，與2023年上半年相比，銷售和收購費用減少了900萬美元。
淨銷售額同比下降5％，至3,980萬美元。
Business Progress:
業務進展：
GoodFood's central Meal Kit business witnessed growth with improved user experience resulting in the largest average basket size in the company's history.
The company has shown signs of improvement in YoY net sales progression, recorded at a 5% decline this quarter.
Initiatives to amplify customer value are being implemented to stimulate top-line growth.
With growing profitability, Goodfood aims to invest in automation and AI technology to decrease costs and enhance operational consistency.
New strategic measures have been deployed including offering a wider variety of customizable recipes to cater to the growing demand for healthy meals.
Goodfood plans on exploring new growth avenues, possibly through strategic acquisitions, to maximize its established assets, customer base, and footprint.
GoodFood的核心餐包業務實現了增長，用戶體驗得到了改善，從而創下了公司歷史上最大的平均購物籃規模。
該公司已顯示出同比淨銷售增長改善的跡象，本季度下降了5％。
正在實施擴大客戶價值的舉措，以刺激收入增長。
隨着盈利能力的提高，Goodfood的目標是投資自動化和人工智能技術，以降低成本並增強運營一致性。
已經部署了新的戰略措施，包括提供更多種類的可定製食譜，以滿足對健康膳食不斷增長的需求。
Goodfood計劃探索新的增長途徑，可能通過戰略收購，以最大限度地利用其現有資產、客戶群和足跡。
More details: GOODFOOD MARKET CORP IR
更多詳情： 好食品市場公司IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。