SmallCapsDaily: Home Bistro, Inc. Serves Up Opportunity for Informed Investors
04 Februar 2021 - 2:30PM
InvestorsHub NewsWire
SmallCapsDaily:
Home
Bistro, Inc.
Serves
Up Opportunity for Informed Investors
New York, NY / InvestorsHub
NewsWire / February 4th, 2021 - Home Bistro, Inc. (OTC:
HBIS) ("Home Bistro" or the "Company") a
provider of premium, direct-to-consumer, high
quality and ready-made gourmet
meals, was recently featured in
an article by leading
financial news
website and
publisher,
SmallCapsDaily. The feature is an extensive look into Home
Bistro's
progress as it becomes a leader in
the
ready-made,
gourmet meal food delivery
industry.
As a result of the pandemic,
consumer behavior has changed drastically in many sectors, one of
which is the meal delivery space in which Home Bistro operates. The
company operates using a business to consumer (B2C) model,
providing gourmet meals through its website
www.homebistro.com. Home Bistro
has two
additional
brands, Prime Chop
(www.primechop.co) and Colorado Chop, both of which are
premium, top
quality meat and seafood providers, selling gourmet products
direct to
consumers. Home Bistro has carved out a space in the premium meal
delivery segment, owing in part,
to
its exclusive
relationship with celebrity Iron Chef, Cat Cora. Competing with
major meal
delivery brands such as Blue Apron,
makes
Home Bistro's
strategic partnership extremely consequential, as
it differentiates
the company
within the premium meal-kit space.
Home Bistro
is based in
Florida, but is able to serve customers in 48
states,
due to its wide distribution
network.
The company's CEO Zalmi Duchman, is a veteran within the meal
delivery space, who has had a successful tenure in the industry.
Home Bistro uses 100% fresh ingredients in its meals and its high
level of customization allows the company to charge a premium for
its meals; the company has over 50 meal varieties to choose from
with quick delivery via courier.
Key Takeaways from the SmallCapsDaily article featuring
Home Bistro,
Inc.:
-
Home Bistro's
meal kit price points are between $18 to $22, placing it in the
premium meal delivery sector; the pricing is justified by the
company's 100% fresh ingredients, customization and adherence to
numerous dietary restrictions such as vegetarian, gluten free,
keto, paleo, and more.
-
Home Bistro
operates in a growing market; the global ready-made meal delivery
market is expected to triple in value from $3.74 billion in 2019 to
$11.32 billion in 2027, which equates to a staggering annualized
growth rate of 17.1%.
-
Home Bistro has
gained quite a bit of
momentum over the
past 12 months as its reported revenue was $1.2
million,
well above its performance in the preceding two years. The company's unit
economics are strong, and its gross margin was close to
37.7%.
For more insight into
Home
Bistro,
Inc., and
to continue reading the SmallCapsDaily featured article, please
click here:
https://smallcapsdaily.com/home-bistro-a-delicious-meal-for-investors/
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