News & Analysis on Food & Beverage Development & Technology
Like other meal kit companies, Hello Fresh saw active customers, number of orders and as a result revenue drop in its second quarter ending June 30, but unlike some competitors – notably Blue Apron – its margins held strong thanks in part to disciplined...
Meal kit pioneer Blue Apron expects to return to profitability by the second quarter of next year after a post-pandemic decline in demand caused its revenue and margins to tumble – pushing it to adopt an “asset-light” model in which it handed off...
Defying expectations, meal kits continue to hold their own as economies reopen and competition from restaurants, in-person gatherings and travel cut into consumers’ appetite and time for at-home cooking – underscoring an evolution in the category led by...