HelloFresh Shares Surge 11% After Beating Earnings Estimates, Propelled by Its Ready-to-Eat Meal Delivery.

HelloFresh saw its shares rise 11% after reporting second-quarter earnings that beat analyst estimates. Revenue for HelloFresh increased by nearly 2%. The German meal kit company's ready-to-eat meal delivery business saw 50% growth in the first half of 2024, boosting results. The company has focused on expanding its ready-meal offerings as demand for meal kits declined post-pandemic. HelloFresh shares had fallen 75% in the last 12 months on higher rates and doubts about sustaining pandemic growth.