InvestorWire NewsRoom

InvestorNewsBreak

InvestorNewsBreaks – Home Bistro Inc. (HBIS) Announces Q3 2022 Financial Results
September 15, 2022

InvestorNewsBreaks – Home Bistro Inc. (HBIS) Announces Q3 2022 Financial Results

Home Bistro (OTC: HBIS), a leading online meal delivery platform that offers celebrity chef-inspired, gourmet and lifestyle ready-made meals, today released financial results for its third quarter ended July 31, 2022. “In addition to our ongoing menu expansion of celebrity chef meals over the past several quarters, we have also undertaken the following initiatives, which we expect to have a net positive effect on gross margin growth moving forward: reduced royalty payments to newly added celebrity chefs; reduced product costs; established new multi-tier pricing; commenced charging a fee for shipping; reduced product promotions,” said Home Bistro CEO Zalmi Duchman. “We’ve significantly reduced our administrative expenses and general reliance on costly outside consultants and service providers. In addition, while we experienced a modest decrease in revenue due to the consolidation of our West Coast operations into our main facility in South Florida, the cost savings benefit of which over the long-term is expected to far outweigh any recoverable short-term revenue loss.”

To view the full press release, visit https://ibn.fm/8N2EC

About Home Bistro Inc.

Home Bistro is a leading direct-to-consumer online platform, www.HomeBistro.com, that creates and distributes ready-made, celebrity chef-inspired gourmet meals, which currently includes culinary offerings by “Iron Chef” Cat Cora, TV Host and Best-Selling Cookbook Author Ayesha Curry, “Hungry Fan” Chef Daina Falk, “Master Chef” Claudia Sandoval, “Top-Chef All-Star” Richard Blais, “Vegan + Sustainable” Chef Priyanka Naik, Celebrity Pastry and Dessert Chef Melanie Moss, and soon to launch celebrity chef Roblé Ali. Home Bistro’s Model Meals lifestyle brand, www.ModelMeals.com, is a Whole30 and paleo approved, ready-to-eat, meal prep service, offering a weekly rotating menu that is prepared by professional chefs, using only the highest quality ingredients available, sourced responsibly and locally, and delivered in sustainable, eco-friendly packaging.

NOTE TO INVESTORS: The latest news and updates relating to HBIS are available in the company’s newsroom at https://ibn.fm/HBIS

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Recent NewsBreaks

NewsBreaks Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).