"The meal delivery industry has long been associated with sky-high valuations, endless promotions, and a seemingly unbreakable cycle of losses. Across the U.S. and Europe, publicly listed players reported a staggering $20 billion in combined operating losses last year, raising questions about whether profitability is even possible in the category. But Rhode Island-based Feast & Fettle is rewriting the narrative."
"With today's announcement, Feast & Fettle officially launches in Manhattan, marking its largest expansion to date. The premium meal delivery service will now bring its chef-prepared, hand-delivered meals to more than 2.5 million households across New York City. Unlike competitors chasing growth at any cost, Feast & Fettle has charted a disciplined path of profitable scaling-something rare in an industry where profit margins are notoriously elusive."
"Feast & Fettle has grown revenue 25x in the last five years, supported by careful market entry decisions, strategic acquisitions, and an unwavering focus on quality. While most competitors have relied on subsidized growth and deep discounting, the company has prioritized sustainable economics from the start. Operating with a single state-of-the-art commissary kitchen and a centralized distribution center, Feast & Fettle is already delivering high single-digit EBITDA margins, with revenue climbing more than 40% year over year."
Feast & Fettle launches in Manhattan, expanding service to over 2.5 million New York City households. The company achieved 25x revenue growth over five years and more than 40% year-over-year revenue growth. Operating from a single state-of-the-art commissary kitchen and a centralized distribution center, the company delivers kitchen-level margins above 25% and high single-digit consolidated EBITDA margins. Nearly half of revenue comes from members with more than one year of tenure. The company expects consolidated margins to rise above 20% as infrastructure scales, demonstrating profitable scaling in a loss-prone meal-delivery category.
Read at stupidDOPE | Est. 2008
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