|Bid||0.0000 x 800|
|Ask||0.0000 x 1300|
|Day's range||4.1500 - 4.7362|
|52-week range||3.5200 - 11.0000|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The grocery chain, which currently has a $1.2 billion valuation, is expanding aggressively in its home country of China. Like a restaurant chain using "dark kitchens" with no retail restaurant counter or dine-in facilities to fulfill delivery orders in the immediate area, Missfresh's "dark stores" use a delivery-only model. During the company's Nov. 11 earnings call, founder and CEO Zheng Xu claimed the DMWs are "offering over 5,000 SKUs and a delivery time of 36 minutes on average per order." The model is intended to appeal to the "more convenient and high-quality lifestyle" Chinese middle-class shoppers are seeking, according to Xu.
Thank you for standing by for Missfresh Limited third quarter 2021 earnings conference call. Participants today will be Mr. Zheng Xu, our founder, chairman, and CEO; and Ms. Catherine Chen, chief financial officer.
Thank you for standing by for Missfresh Limited 2021 earnings conference call. Participants on today's call will be Mr. Zheng Xu, our founder, chairman, and CEO; Mr. Jun Wang and Ms. Catherine Chen, our co-chief financial officers.