HelloFresh, the leading German online mealkit provider, just pre-announced impressive figures for Q3 with revenue expected up 120% to around EUR970m (vs. EUR836m initial guidance) and EBITDA expected to rise 7x to around EUR115m (vs. EUR73m initially). The company raised its full-year guidance accordingly, now forecasting 95%-105% revenue growth vs. 75%-95% previously. The read-across is…
Restaurant closures, bankruptcies, reopenings with restrictions… The restaurant industry has had a pretty rough time, to say the least. And things should remain difficult in the foreseeable future as Covid-19 doesn’t seem in a hurry to go away. In spite of this adverse environment, we have been investing in various restaurant software names since day…
After more than 20 years covering the Technology and Innovation space, we didn’t think we would one day spend some time researching companies offering lawn and garden products… Here we are, investing in the Scotts Miracle-Gro, a US company that spotted the hydroponic trend at an early stage and became, through its Hawthorne division, the…
The disruption of the global meat supply chain, which started a couple of weeks ago in the US with the Covid-related closure of meat processing facilities, intensified in recent days. Over the weekend, China’s customs suspended imports of poultry products from a Tyson meatpacking facility which was a coronavirus cluster. This move followed the discovery…
While it was already on an upward trajectory, consumption of plant-based meat recorded a major acceleration during the pandemic with Nielsen estimating that sales of fresh meat alternatives in the US were up 240% year-on-year over the March-May period. The disruption in the traditional meat processing industry clearly helped: some of America’s largest processing plants…