RE: Food circle16 Jul 2024 22:27
Thanks for that order number.
It’s extremely useful as my sister also gave me her order number yesterday.
On those figures, I make the current run rate at just over 900 orders per day..
Ave order for last quarter was £35 , which at that rate suggests a current monthly turnover of £945 k or around £2.8 million per quarter for DD
If we look back on the results, they were doing the following.
Q4 2023 revenue increased by 37.3% to £1.8m versus £1.3m in Q3 2023.
So, on the face of it , they are doing an extra £1 million a quarter extra already, which suggests the growth in sales is phenomenal.
Bearing in mind that Foodcircle is currently struggling to keep up with customer demand, I suspect that their contribution will also be significant.
The stats are there to see and collaborate for anyone that can be bothered to put them together, and all the evidence points to the fact that they are absolutely flying .
Assuming they are maintaining their margins, then the current share price is ludicrous.
I would have a very large bet, that anyone buying in at the current price is going to be very glad they did.