![Goodfood Reports Fourth Quarter and Fiscal Year 2023 Results with Record Annual Gross Margin and Adjusted EBITDA¹ Driving Significant Improvement to Cash Flows from Operations](https://aveholidays.com/wp-content/uploads/2023/12/silogo-new.png.png)
MONTREAL, Nov. 22, 2023 (GLOBE NEWSWIRE) — Goodfood Market Corp. (âGoodfoodâ or âthe Companyâ) (TSX: FOOD), a leading Canadian online meal solutions company, today announced financial results for the fourth quarter and Fiscal 2023, ended September 2, 2023. âWe are pleased to have demonstrated our ability to generate consistent Adjusted EBITDA1 profitability during Fiscal 2023. On the back of operational improvements and continuous pricing optimization, our gross margin reached 38.2% in the fourth quarter and a record 38.8% annually, enabling a record annual adjusted EBITDA1 of $5 million and much improved cash flows,â said Jonathan Ferrari, Chief Executive Officer of Goodfood. âWe are especially proud of our lean cost structure that, even in the face of seasonal fluctuations during the…