Home Bistro, Inc. First Quarter Online Orders Increase 198% over Comparable Previous Year Period
Home Bistro, Inc. (OTC PINK: HBIS) reported a 198% increase in online orders for the quarter ending March 31, 2021, compared to the same period in 2020. CEO Zalmi Duchman expressed optimism regarding the significant growth, attributing it to enhanced menu offerings and the addition of celebrity chef meals. The company aims to boost revenue through careful menu diversification and cost efficiencies. Home Bistro specializes in direct-to-consumer gourmet meals inspired by celebrity chefs, currently featuring offerings from Iron Chef Cat Cora.
- Online orders increased by 198% year-over-year for Q1 2021.
- Diversification of menu with celebrity chef meals expected to drive growth.
- None.
MIAMI BEACH, FL / ACCESSWIRE / April 8, 2021 / Home Bistro, Inc. (OTC PINK:HBIS) (the "Company"), an online platform that provides a convenient, in-home dining experience, by offering celebrity chef inspired, gourmet ready-made meals shipped directly to consumers, announced today that its online orders increased by approximately
Home Bistro, Inc., CEO Zalmi Duchman stated, "We are highly encouraged with this significant comparable quarter-over-quarter increase in online orders. The enhancements to our menu and the addition of our celebrity chef meals have added to the diversity of the Home Bistro offering. We anticipate continued momentum as we grow our customer base through further expansion of our celebrity chef program and continued enrichment of the overall customer experience." He added, "Our objective is to fuel top line growth with carefully selected menu diversification, while implementing cost efficiencies to maximize operating margins."
About Home Bistro, Inc.
Home Bistro is an online platform that provides for the creation, production and distribution of direct-to-consumer, heat-to-eat, celebrity chef inspired gourmet meals, which currently include delicacies developed by "Iron Chef" Cat Cora and soon to launch "Hungry Fan" celebrity chef Daina Falk.
Forward-Looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. More particularly and without limitation, this news release contains forward-looking statements and information concerning the Company's growth objectives and industry outlook (as described herein). Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. These forward-looking statements include, among others, statements about the Company's future financial performance, the impact of management changes, any organizational restructuring and the sufficiency of capital resources to fund its ongoing operating requirements; statements about the Company's expectations regarding the capitalization, resources and ownership structure; and any other statements other than statements of historical fact. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that the Company makes due to a number of important factors, including (i) risks related to the combined entity's access to existing capital and fundraising prospects to fund its ongoing operations, and (ii) other business effects, including the effects of industry, market, economic, political or regulatory conditions, future exchange and interest rates, and changes in tax and other laws, regulations, rates and policies, including the impact of COVID-19 on the broader market. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company's periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled "Risk Factors", copies of which may be obtained from the SEC's website at www.sec.gov. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
CONTACT:
Zalmi Duchman, CEO
zalmi@homebistro.com
Ph: 631.694.1111
SOURCE: Home Bistro, Inc.
View source version on accesswire.com:
https://www.accesswire.com/639413/Home-Bistro-Inc-First-Quarter-Online-Orders-Increase-198-over-Comparable-Previous-Year-Period
FAQ
What was the increase in online orders for Home Bistro in Q1 2021?
What strategies does Home Bistro plan to implement for growth?
Who is the CEO of Home Bistro?
What types of meals does Home Bistro offer?
