Goodfood Market Corp. (FOOD) 2018年年度报告「TSX」.pdf

1、 ANNUAL REPORT 2018 Dear fellow shareholders,As Chairman and CEO of Goodfood Market Corp.,I am pleased to present the financial results and operational achievements for Fiscal Year 2018,ended August 31,2018.Fiscal 2018 was another landmark year for Goodfood.Not only did we deliver solid financial pe

2、rformance and strong growth in active subscribers,we also established a presence in Western Canada with the launch of our new national platform.We are now serving Canadians from coast to coast and results continue to exceed our expectations.The enthusiasm for the Goodfood experience was felt through

3、out the year,and as a result,we are now delivering more than one million delicious ready-to-cook meals every month,confirming our clear leadership position as Canadas best-selling home meal solutions brand.Our active subscriber base has almost tripled,increasing from 31,000 at the end of Fiscal 2017

4、 to 89,000 at the end of Fiscal 2018.Gross Merchandise Sales(“GMS”)also increased significantly to$84 million,an increase of$61 million or 264%over Fiscal 2017.The fact that GMS is growing faster than our number of subscribers demonstrates that our loyal subscriber base continues to grow and order m

5、ore meals per month.The increase in GMS is also a result of our successful introduction of new meal solutions at higher price points.Our GMS run-rate totalled$107 million at the end of the fiscal year,up from$36 million.While delivering exceptional growth,Goodfood also generated positive cash flow f

6、rom operating activities during the last two quarters of the year,and for the year as a whole.This reflects our continued strong growth in revenue,our additional operational efficiency gains and our ability to generate economies of scale.Being cash flow positive allows us to pursue our aggressive gr