Goodfood Market (TSE:FOOD) Full Year 2022 Results
Key Financial Results
Revenue: CA$268.6m (down 29% from FY 2021).
Net loss: CA$121.8m (loss widened by 283% from FY 2021).
CA$1.62 loss per share (further deteriorated from CA$0.45 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Goodfood Market EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.
Looking ahead, revenue is expected to decline by 5.4% p.a. on average during the next 2 years, while revenues in the Online Retail industry in North America are expected to grow by 12%.
Performance of the market in Canada.
The company's shares are up 55% from a week ago.
You should learn about the 5 warning signs we've spotted with Goodfood Market (including 1 which doesn't sit too well with us).
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Join A Paid User Research Session
You'll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here