HelloFresh SE (HFG) Earnings Call Transcripts

HelloFresh SE's Latest Earnings Call - Q1 FY2026

In Q1 2026, HelloFresh SE reported revenue of approximately EUR 1.7 billion, reflecting a 7.7% decline in constant currency, which was in line with expectations. Adjusted EBITDA was about EUR 24 million, significantly impacted by severe winter storms that disrupted logistics, with an underlying run rate closer to EUR 49 million. Management reaffirmed full-year guidance for a constant currency revenue decline of 3% to 6% and adjusted EBITDA between EUR 375 million and EUR 425 million, indicating a second-half weighting in performance improvements.

Reported metrics

Guidance from management

Management reaffirmed full-year guidance for a constant currency revenue decline of 3% to 6% and adjusted EBITDA between EUR 375 million and EUR 425 million, with expectations for improved performance in the second half of the year.

What management said

So I think I was answering to question before. Obviously, since we've reported that, everything going on in the Middle East sort of like inflation, customer sentiment, those are things that I think at this time, we're not sort of like as clear, I think there's still obviously, a lot of distribution of outcomes over the course of the year. But those are definitely things that let us also take somewhat more conservativ...

That's not something that we see right now. But in anticipation, also in anticipation, obviously, if sort of like inflationary pressures kick in or not, I think if you have sort of like any more uncertainty, then obviously, it's the prudent approach to take a more conservative stance even though right now in the business, I don't really see it. I do see it as leading indicators from consumer research, et cetera. I do...

What analysts pressed on

Analysts expressed concerns about the lack of sequential improvement in meal kit revenue and the impact of reduced marketing spend on customer acquisition. There were questions regarding the sustainability of customer retention and the effects of macroeconomic factors on consumer sentiment.

Main topics on the call

• Transformation Strategy — Management emphasized a deliberate transformation of the business, focusing on long-term success over short-term growth. CEO Dominik Richter stated, "We’ve made the conscious choice to walk away from unprofitable volume....
• Meal Kit Revenue Trends — Meal kit revenue declined by 8.5% in constant currency, but this marked the fifth consecutive quarter of sequential improvement. Richter noted, "The trajectory is moving clearly in the right direction," indicating a pote...
• Operational Efficiency Improvements — Fulfillment costs as a percentage of revenue improved by 0.8 percentage points year-over-year, showcasing the effectiveness of the efficiency program. Management highlighted that this is a "permanent shift in our operati...
• Ready-to-Eat Segment Performance — The ready-to-eat segment reported a revenue decline of 6.9%, but adjusted EBITDA losses narrowed by EUR 18 million year-over-year, a 40% improvement. This was attributed to better unit economics and a disciplined marketi...

Read the full HelloFresh SE transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 35 HelloFresh SE earnings call transcripts on record, spanning March 3, 2020 to May 6, 2026. Based on this history, HelloFresh SE reports quarterly. The most recent call on file is dated May 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HFG

Exchange

XTRA

Country

DE

Sector

Consumer Staples

Industry

Consumer Staples Distribution and Retail

Calls on record

35

First call

March 3, 2020

Most recent

May 6, 2026

Reporting cadence

quarterly