Food Archives - eResearch

Instacart Drops Valuation Ahead of IPO but Reports Positive Profits in H1/2023

August 27, 2023 Chris Thompson

Instacart, a prominent figure in the online grocery delivery landscape, has unveiled its intentions to enter the public market. Instacart’s financial health has shown a significant improvement in recent years. Total revenue hit $2.55 billion in 2022 up from $1.83 million in 2021, an increase of 39%. The company reported a profit of $428 million in 2022, up from a net loss of $73 million in 2021. [more]

Foodtastic to Acquire Healthy-Food Restaurant Freshii for $74.4 Million

December 23, 2022 Chris Thompson

Foodtastic announced that it has entered into an agreement to acquire Freshii Inc. (TSX:FRII) . Under the terms of the agreement, Foodtastic will purchase all of Freshii’s shares for $2.30 in cash per share, totaling approximately $74.4 million. This price represents a premium of 148% over Freshii’s 20-day volume-weighted average price per share as of December 16, 2022, and a 142% premium over the closing price on the same date. [more]

Food Quarterly – Who Decides What’s For Dinner Tonight?

November 29, 2021 Claude Camire

We review different companies that compose the industry: the trends, issues, challenges, and their strategies. For this first edition, we will just provide an overview of the key points. Our ultimate goal is to identify companies and products that may have a strategic advantage in competing in this transforming industry.
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Dole Returns to Public Market after 8 Years & Raises $400M in IPO

August 23, 2021 Chris Thompson

Dole, an Ireland-based agricultural company, made its return to NYSE. The IPO marked the completion of Dole and Total Produce merger with the newly formed company, Dole plc, becoming the largest fresh producer in the world. [more]

Organic Garage – Quarterly Revenue Rises 22% Year-over-Year with Continued Stay-at-Home Bump

December 29, 2020 Chris Thompson

Organic Garage’s FQ3/2021 revenue was $6.92 million, an increase of 21.6% year-over-year. Gross Profits remains steady above 30%. With improved revenue and previous cost-cutting measures, EBITDA was substantially higher at $0.69 million. [more]

Organic Garage – Low-cost Healthy Food from an Undervalued Grocery Retailer

November 11, 2020 Chris Thompson

With the upswing in food retail due to the current COVID-19 health crisis, Organic Garage recognized revenue increases in the past two quarters of 19% and 29% year-over-year. We believe this sales trend should continue. The new Leaside store, opening next year, should boost revenue by 10-20% in 2021. [more]

Video-of-the-Day: New Listing for Vegaste Technologies Corp. (CSE:VEGA)

August 11, 2020 Chris Thompson

Vegaste Technologies focuses on the online distribution of plant-based food and beverages in North America. The Company operates PlantX, an online meal delivery platform and website for people interested in plant-based and vegan food. [more]

Albertsons Can’t Reap the Fruits of its Extraordinary First Quarter

August 10, 2020 Camille Coulibaly

Quarterly sales were up over 21% to $22.8B with digital sales growing 276% and Net Income reaching $586M in FQ1/2020, up from $49 million in FQ1/2019, but the stock price remains below recent IPO price. [more]