Goodfood Reports First Quarter Results with Growing Active Customers¹, Strong Gross Margin and Adjusted EBITDA¹ Driving Positive Cash Flows from Operations

MONTREAL, Jan. 16, 2024 (GLOBE NEWSWIRE) — Goodfood Market Corp. (“Goodfood” or “the Company”) (TSX: FOOD), a leading Canadian online meal solutions company, today announced financial results for the first quarter of Fiscal 2024, ended December 2, 2023. “We are pleased to have started Fiscal 2024 with strong operating performance and delivered on our commitment to consistently growing our profitability, with Adjusted EBITDA positive for a fourth quarter in a row, reaching $8.5 million over the last twelve months. As we consistently optimize the efficiency of our operations, our gross margin continues to show strength and reached 39.4% in the first quarter, further supporting our growing Adjusted EBITDA profitability and cash flows,” said Jonathan Ferrari, Chief Executive Officer of Goodfood.…

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