Gousto swings into black as boss says grocery delivery is here to stay

Gousto box 2

Gousto has delivered its first ever full-year profit as its chief executive backs the grocery home-delivery revolution to outlast the pandemic.

The recipe box subscription retailer delivered “record” sales in 2020 of £189m – up 129% – and full-year EBITDA of £18.2m, compared with a £9.1m loss in 2019. 

Gousto boss Timo Boldt said strong sales had continued into the first quarter of 2021 and he is confident that the customers who made the switch to shopping for food online during the pandemic would not go back.

“We sold over 25 million meals in the first quarter, so the strong trading has continued into the first part of this year,” he said.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.