Canadian online grocer Goodfood reports 62% rise in Q1 revenues

CANADA – Goodfood Market Corp, a leading online grocery company in Canada, has announced strong financial results for the first quarter ended November 30, 2020, highlighting its continued ability to achieve strong growth while enhancing its profitability. The company’s revenues reached $91.4 million in the first quarter of Fiscal 2021, an increase of $35.1 million, or 62% compared to the same period last year. Its gross margins for the quarter under review reached 32%, while gross profits rose by $13.4 million, or 82% year-over-year to reach $29.6 million. Goodfood also…

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