1847 Goedeker Shares Rise After 41.9% May Sales Growth

  • E-commerce company 1847 Goedeker Inc GOED reported May 2021 sales of $44.3 million, up 41.9% year-on-year.
  • The company received written orders worth $72.6 million in May.
  • Goedeker operated at more than a $500 million annual revenue run rate through May, with the fill rate remaining below the historical 85%, at 61%.
  • “Current plans are accelerating to open facilities in Texas, California, and Florida, and we anticipate announcing more details regarding the addition of a third facility in the coming weeks,” said Doug Moore, Chief Executive Officer.
  • Price action: GOED shares are trading higher by 5.2% at $3.22 on the last check Wednesday.
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