GOED - GOED STOCK NEWS

1847 Goedeker Inc. (NYSE American: GOED) has announced the appointment of Albert Fouerti as Chief Executive Officer, effective immediately, succeeding Doug Moore. Fouerti plans to invest $1 million in company securities. Ellery W. Roberts will transition to the role of Executive Chairman, supporting Fouerti's operational focus. Additionally, a Strategic Planning Committee has been formed to aid in post-acquisition integration and growth following the Appliances Connection acquisition. The Board aims to enhance its membership with experienced directors to support future initiatives.

1847 Goedeker Inc. (NYSE American: GOED) announced its inaugural Annual Meeting of Stockholders scheduled for November 10, 2021. The meeting's details will be provided in a forthcoming notice and proxy materials, with no immediate action required from stockholders. Goedeker is a leading e-commerce retailer in household appliances, furniture, and home goods, bolstered by its acquisition of Appliances Connection in June 2021. The company operates fulfillment centers and showrooms across the U.S. and offers products from various well-known brands.

1847 Goedeker Inc. (GOED) reported strong financial results for Q2 2021, showing proforma net product sales of $140.1 million, a 53% increase from $91.5 million in Q2 2020. Proforma gross profit rose to $33.3 million with a margin of 23.7%. The net income was $17.3 million or $0.16 per diluted share, compared to $800,000 in the previous year. The total proforma net sales for the first half reached $263.1 million, up from $158.2 million in 2020. The company aims for annual revenue of $1 billion and expects full-year revenue in the range of $520 million to $550 million.

1847 Goedeker Inc. (NYSE American: GOED) will hold a conference call on August 12, 2021, at 8:00 a.m. EDT to discuss its financial results for the second quarter ended June 30, 2021. The company anticipates releasing these results prior to market open on the same day. Goedeker, which operates Appliances Connection, is the largest online retailer of household appliances in the U.S. The call will feature key management members, including the CEO and CFO. A recording of the call will be accessible on the company's website for those unable to attend.

1847 Goedeker Inc. (NYSE: GOED) announces the appointment of Maria Johnson as Chief Financial Officer, effective July 26, 2021. Johnson brings over 20 years of experience in finance and strategic leadership, most recently serving as CFO at E3 Investment Group. She replaces Bob Barry, who becomes Chief Accounting Officer. CEO Doug Moore expressed confidence in Johnson's ability to drive value through her expertise in financial transformation and business strategy. Goedeker, the largest pure-play online retailer of household appliances in the U.S., acquired Appliances Connection in June 2021.

1847 Goedeker Inc. (GOED), the largest online retailer of household appliances in the U.S., has engaged Capsule for a strategic rebranding process. This initiative aims to unify its dual brand names, Goedekers and Appliances Connection, into a single brand to enhance customer engagement. CEO Doug Moore emphasized the importance of a coherent brand identity for operational growth and improved consumer recognition. Capsule will assist in reviewing and refining the company's brand and messaging strategy to align with its long-term goals.

On July 12, 2021, 1847 Goedeker Inc. (GOED) announced robust growth, with June 2021 monthly orders rising by 19.2% year-over-year to $73.2 million, while revenues increased 47.8% to $55.7 million. The company reported a fill rate of 76.1%, significantly improved from 61.4% in June 2020, indicating enhanced supply chain efficiency. Goedeker also revealed an asset purchase agreement with Appliance Gallery to bolster its luxury appliance retail segment, which will be funded through positive operating cash flow. The outlook remains optimistic as the company seeks continued momentum.

1847 Goedeker Inc. (GOED) announced a definitive purchase agreement to acquire a premium Florida-based appliance retailer, enhancing its foothold in the southeastern U.S. market. This strategic move aims to broaden Goedeker's reach and product offerings, particularly in luxury appliances. CEO Doug Moore emphasized the importance of strong customer relationships and brand synergy in this acquisition, which is expected to complete in Q3 2021, pending regulatory approvals.

1847 Goedeker Inc. (GOED) has engaged Lambert & Co. to manage its investor relations strategy, enhancing visibility among analysts and investors. This collaboration follows Goedeker's recent acquisition of Appliances Connection, solidifying its position as the largest online retailer of household appliances in the U.S. CEO Doug Moore emphasizes the importance of Lambert's expertise in communicating the company's value proposition to stakeholders. Lambert will establish a comprehensive investor outreach program to effectively convey Goedeker's growth narrative and business model.