1847 Goedeker Shares Rise After 41.9% May Sales Growth

by Shivani Kumaresan, Benzinga Staff Writer

June 16, 2021 3:52 PM | 1 min read

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.

Posted In: Earnings News Penny Stocks Retail Sales Small Cap Briefs

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