GOED - GOED STOCK NEWS

1847 Goedeker Inc. has announced the appointment of Mike Barry as Director of Home Delivery, effective December 15, 2021. With over two decades of expertise in logistics and delivery, Barry will enhance the company’s operations during a time of global supply chain challenges. CEO Fouerti emphasized the importance of improving product delivery and expanding the distribution network. This strategic hire aims to strengthen Goedeker’s market position as a leading ecommerce player in household appliances.

1847 Goedeker Inc. has appointed Jody Rusnak as Chief Merchandising and Brand Innovation Officer, effective November 29, 2021. Rusnak brings over three decades of experience, previously serving at Nebraska Furniture Mart, where he managed the P&L for Appliances and Electronics. His role will focus on enhancing customer acquisition and marketing strategies to drive growth. CEO Albert Fouerti expressed confidence in Rusnak’s ability to advance the company's ecommerce strategy and establish long-term customer loyalty.

1847 Goedeker Inc. (GOED) reports $141.9 million in net sales for Q3 2021, marking a significant 38.8% year-over-year growth on a proforma basis. The company achieved a gross profit of $31.4 million, yielding a gross margin of 22.1%. Proforma net income reached $3.9 million, translating to $0.03 per diluted share. Year-to-date proforma sales totaled $405.0 million, up from $260.4 million in 2020. Goedeker reaffirms its guidance for full-year revenue between $520 million and $550 million.

1847 Goedeker Inc. (GOED) has appointed Mike Durrick as its new Vice President of Distribution and Logistics, effective November 1, 2021. Bringing over 20 years of supply chain experience from companies like FedEx and DHL, Durrick will oversee the optimization of the company’s fulfillment network. Under his leadership, Goedeker aims to enhance logistics and customer satisfaction, aligning with its ecommerce strategy focused on household appliances and furniture. The company’s recent acquisition of Appliances Connection positions it as a leading online retailer in the U.S.

1847 Goedeker Inc. (NYSE American: GOED), a leading U.S. e-commerce platform for household appliances, is set to announce its third quarter fiscal 2021 earnings on November 15, 2021, before market opening. An investor conference call will follow at 8:00 a.m. ET to discuss the results, with access available through Goedeker’s investor relations website. Following a significant acquisition of Appliances Connection in June 2021, Goedeker has positioned itself as a major online retailer in the appliance sector, offering a range of products from well-known brands.

1847 Goedeker Inc. has appointed Selim Bassoul and Alan Shaw to its Board of Directors as part of its board refresh process. This move follows a cooperation agreement with Kanen Wealth Management, which provided input on these changes. With this, nearly half of the board has been appointed within a year. Paul Froning will retire from the board, acknowledging that the company is entering a new phase post the Appliances Connection acquisition. This strategic decision aims to enhance operational expertise and support growth initiatives in the household appliances market.

Steve Goedeker, former CEO and major stockholder of 1847 Goedeker (NYSE American: GOED), expresses confidence in the company's new leadership under Albert Fouerti. He highlights the commitment to integrity and customer focus as core values while the company transitions into a technology-driven e-commerce seller of home appliances. Goedeker urges stockholders to consider the long-term potential of the company and supports the ongoing efforts to strengthen the board with qualified experts. His message emphasizes patience and long-term vision for investors.

1847 Goedeker Inc. (GOED) has announced a letter to stockholders from newly appointed CEO Albert Fouerti, emphasizing the company's potential to dominate the $32 billion U.S. home appliances market. The company is integrating its recent acquisition of Appliances Connection and focusing on expanding product selection, competitive pricing, and enhanced customer service. Fouerti has invested in 330,000 shares, indicating confidence in the company's direction. The letter also details corporate governance improvements and a rebranding effort, with a significant annual meeting scheduled for November 10, 2021.

1847 Goedeker Inc. (NYSE American: GOED) has received notice from Kanen Wealth Management regarding its intention to nominate a majority slate of five individuals for election to the Board of Directors at the upcoming Annual Meeting on November 10, 2021. Goedeker's CEO, Albert Fouerti, expresses confidence in the current leadership and growth strategy, emphasizing recent acquisitions and management transitions aimed at enhancing stockholder value. The Board will review Kanen’s nominees while maintaining communication with the firm, questioning the qualifications of Kanen’s candidates.