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HelloFresh Reports Strong Q2 Earnings with Soaring RTE Sales

Earnings Beat Forecasts, Sales Surge

German meal-kit maker HelloFresh reported better-than-expected second-quarter core earnings on Tuesday. Revenue grew, boosted by soaring sales of the company's ready-to-eat (RTE) meals. The company exceeded profit forecasts as RTE sales surged.

Growth Re-acceleration Expected

HelloFresh expects growth to re-accelerate in the second half of 2023. The company is expanding its production capacity to support this growth, which will also be fueled by ongoing cost-saving measures.

Key Points

• Core earnings beat forecasts.
• Sales increased, driven by RTE meals.
• Growth re-acceleration expected in H2 2023.
• Production capacity expansion planned.