HelloFresh Q3 core earnings below expectations
(Reuters) - German meal-kit maker HelloFresh on Thursday reported weaker-than-expected third-quarter core earnings due to high marketing costs and seasonality effects.
Quarterly adjusted core profit (AEBITDA) dropped to 71.8 million euros ($72.27 million), down 10% and falling short of an average of 75.6 million euros estimated by analysts in a company-provided poll.
($1 = 0.9935 euros)
(Reporting by Linda Pasquini; Editing by Josephine Mason)