NewsBite

Marley Spoon doubled local customers to 114,000 in lockdowns

Simon Evans
Simon EvansSenior reporter

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Key Points

  • Revenue (€m) 116.2, up 89.3%
  • Pre-tax profit (€m) -2.0, up-88.4%
  • Net profit (€m) -67.4, down210.6%

Home meal kits group Marley Spoon almost doubled the number of Australian customers in the June quarter to 114,000 as more people stayed at home in the coronavirus pandemic and pursued home cooking.

Chief executive Fabian Siegel said the strong trends were continuing in July and early August, and predicted a further acceleration and that Marley Spoon would become a ''billion-dollar business'' in a couple of years if growth rates kept accelerating like they had.

Loading...
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Retail

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/retail/marley-spoon-doubled-local-customers-to-114-000-in-lockdowns-20200826-p55pmf