- Amidst the wave of companies revising their FY20 guidance, Marley Spoon (MMM), is experiencing a surge in demand for its home-delivered meal kits
- The company will manage this meal ramp up by expanding its global workforce and providing additional jobs
- Marley Spoon has also been able to adapt its menus in response to food shortages and price increases
- Company shares have spiked 28.4 per cent and are currently trading for 43 cents each
Amidst the wave of companies revising their FY20 guidance, Marley Spoon (MMM), is experiencing a surge in demand for its home-delivered meal kits.
While acknowledging the uncertainties of the operating environment, Marley Spoon manage this meal ramp up by expanding its global workforce and providing additional jobs.
Marley Spoon has also been able to adapt its menus in response to food shortages and price increases.
While only the last two weeks of March have contributed to any significant financial impact for the company, Marley Spoon expects Q2 2020 will be impacted much more.
“Customers are staying home and want to cook for their families. We are dedicated to upholding the strictest food safety standards so that our meals are delivered safely and reliably every week,” CEO Fabian Siegel stated.
“Receiving fresh food direct to your door without exposure to the public is as much about staying healthy as it is about being safe,” Fabian continued.
“The team at Marley Spoon is proud to be able to help in this crisis, delivering food to our customers and fulfilling its role as an essential business,” he added.
Founded in 2014 Marley Spoon is a global subscription-based meal kit service with operations in Australia, Europe and the United States.
It creates meal kits that contain step-by-step recipes and pre-portioned seasonal ingredients so customers can create healthier and tastier meals.
Marley Spoon’s mission is to help people cook better, live smarter and reduce food waste.
Company shares have spiked 28.4 per cent and shares are trading for 1:32 pm AEDT.