GOED - GOED STOCK NEWS

1847 Goedeker Inc. (AMEX: GOED) reported $152.8 million in net sales for Q1 2022, marking a 23.5% year-over-year growth compared to combined proforma sales results for Q1 2021. The company reaffirmed its full-year guidance, expecting high teens to low 20s sales growth for 2022, with gross margins and adjusted EBITDA margins stable relative to previous performance. Notably, they secured $140 million in non-dilutive capital through a credit agreement with Bank of America to support strategic initiatives, indicating strong financial momentum.

1847 Goedeker Inc. (NYSE American: GOED) has secured a $140 million credit agreement with Bank of America, comprising a $100 million term loan and a $40 million revolving credit facility. This funding is strategically intended for growth investments, capital structure enhancements, and share repurchases. CEO Albert Fouerti emphasized the agreement reflects their business strength and the ability to access affordable capital. The loans, maturing in May 2027, will help the company target significant sales growth aiming for $1 billion in the coming years.

1847 Goedeker Inc. (NYSE American: GOED) announced it will report its first quarter 2022 earnings on May 16, 2022, before the market opens. An investor conference call will be held at 8:00 a.m. ET on the same day to discuss the results, accessible via their investor relations site. Goedeker is a technology-enabled e-commerce platform specializing in appliances, furniture, and home goods, aiming for growth post its acquisition of Appliances Connection, offering a broad selection and reliable shipping.

1847 Goedeker Inc. (GOED) reported its Q4 and full-year 2021 financial results. Q4 net sales reached $142.7 million, up from $16.7 million in Q4 2020, with net income of $3.8 million compared to a $9.7 million loss in the previous year. Full-year net sales were $362.3 million, a significant rise from $55.1 million in 2020, resulting in a net income of $7.7 million compared to a $21.6 million loss in 2020. Management anticipates continued growth but warns of challenges from supply chain issues and inflation.

1847 Goedeker Inc. (NYSE American: GOED) announced it will report its fiscal 2021 fourth quarter and full year earnings before market opens on March 31, 2022. An investor conference call will follow at 8:00 a.m. ET to discuss the results. The call will be accessible via Goedeker’s investor relations site. Goedeker, a leading ecommerce player in the U.S. household appliances market, offers a wide selection of core, premium, luxury, and private label brands through its platform.

1847 Goedeker Inc. (NYSE American: GOED) announced the appointment of Kirstin Currie as Head of Marketing, effective January 31, 2022. With extensive experience in B2B and B2C marketing, she previously held leadership roles at Best Buy and Jostens. Currie will focus on enhancing online customer experience and implementing marketing strategies amid a rebranding effort. CEO Albert Fouerti expressed confidence that her leadership will help expand market share and strengthen Goedeker's position in the U.S. home appliances sector.

1847 Goedeker Inc. has appointed Sami Bazzi as Head of Human Resources, effective January 24, 2022. With over two decades of HR experience, she previously served as HR Director for Face Values, managing 3,000 associates across multiple locations. CEO Albert Fouerti highlighted the importance of talent retention in expanding Goedeker's fulfillment network and enhancing customer experience. The company projects over $500 million in annual sales, positioning itself as a significant player in the U.S. household appliances ecommerce market.

1847 Goedeker Inc. (NYSE American: GOED) has appointed Jim Schneider to its Board of Directors, effective immediately. Schneider, an experienced leader with a strong background in accounting, capital markets, and strategic planning, fills the vacancy left by Selim Bassoul. CEO Albert Fouerti expressed confidence in Schneider's ability to add value, especially as the company focuses on optimizing its capital structure and pursuing long-term growth. Goedeker continues to expand as a significant player in the U.S. household appliances market with over $500 million in projected annual sales.