HelloFresh SE (DE:HFG)
XETRA:HFG
Want to see DE:HFG full AI Analyst Report?
Earnings Data
Report Date
Aug 18, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.15Last Year’s EPS
0.08Same Quarter Last Year
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a balanced message: the company is undertaking a deliberate transformation with clear early signs of operational and product-led improvement (AOV growth, better retention, fulfillment cost reduction, RTE loss reduction and positive free cash flow). However, meaningful near-term headwinds remain — revenue is still declining, contribution margin is under pressure due to front-loaded product investments and a EUR 25 million weather hit, and the active customer base and new-customer conversions need time to recover. Guidance was reconfirmed but delivery is H2-weighted, reflecting the trade-off between near-term results and long-term value creation.Company Guidance
Revenue in line with expectations
Group net revenue of EUR 1.68 billion in Q1, a 7.7% decline in constant currency but reported as in line with company expectations for the quarter.
Sequential improvement in Meal Kits trends
Meal kit revenue of ~EUR 1.2 billion, down 8.5% CC but representing the fifth consecutive quarter of sequential improvement (narrowed from ~14.5% decline a year ago to 8.5%).
Average order value and customer behavior improvement
Group average order value rose EUR 4.2 in constant currency (meal kits AOV +4.5% CC); tenured customers ordering more and tenured cohort retention trending at the best levels ever for the business.
Material product investments (ReFresh) underway
Largest ever investment cycle: doubled recipe choice in markets like the U.S. and Nordics, upgraded ingredient quality and expanded protein variety — positioned to drive higher lifetime value and order frequency.
Fulfillment and marketing efficiency gains
Fulfillment costs improved by 0.8 percentage points of revenue year-over-year; absolute marketing spend reduced by EUR 62 million and marketing at 21.8% of revenue (down ~30 basis points YoY), establishing tighter ROI thresholds.
Ready-to-Eat (RTE/Factor) operational progress
RTE adjusted EBITDA loss narrowed by ~EUR 18 million to EUR -27.6 million vs EUR -45.9 million last year (a ~40% reduction in the loss); tenured active RTE customers grew double digits in Q1; NPS at highest level since 2023.
Adjusted EBITDA excluding weather impact
Reported adjusted EBITDA ~EUR 24 million; excluding a EUR 25 million weather disruption, underlying adjusted EBITDA run-rate closer to EUR 49 million, giving a clearer picture of structural result.
Positive free cash flow and capital investments
Generated EUR 49 million in positive free cash flow (fourth consecutive quarter) despite the EUR 25 million weather hit; Q1 CapEx was EUR 44 million (up from EUR 34 million) largely driven by new Factor Europe facility in Germany.
Full-year guidance reconfirmed
Company reconfirmed FY2026 guidance: constant currency revenue decline of -3% to -6% and adjusted EBITDA target of EUR 375 million to EUR 425 million, with delivery expected to be second-half weighted.
DE:HFG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:HFG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | €4.38 | €4.35 | -0.62% |
Mar 18, 2026 | €4.56 | €3.88 | -14.90% |
Oct 30, 2025 | €7.34 | €7.12 | -3.00% |
Aug 14, 2025 | €8.71 | €7.32 | -15.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does HelloFresh SE (DE:HFG) report earnings?
HelloFresh SE (DE:HFG) is schdueled to report earning on Aug 18, 2026, TBA (Confirmed).
What is HelloFresh SE (DE:HFG) earnings time?
HelloFresh SE (DE:HFG) earnings time is at Aug 18, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of HelloFresh SE stock?
The P/E ratio of HelloFresh SE is N/A.
What is DE:HFG EPS forecast?
DE:HFG EPS forecast for the fiscal quarter 2026 (Q2) is 0.15.