Business
The Marley Spoon (ASX:MMM) share price is up over 700% in 12 months
The Marley Spoon AG (ASX: MMM) share price has been one of the best performers on the Australian share market over the last 12 months.
During this time, the meal kit delivery company’s shares have recorded a staggering gain of 720%.
Why is the Marley Spoon share price up over 700% in 12 months?
Investors have been fighting to buy the company’s shares due to it experiencing a surge in sales during the pandemic.
For example, during the third quarter of FY 2020, Marley Spoon reported very strong growth across all geographic regions. This was driven by demand for its meal kits from both new and existing customers, leading to positive growth momentum and favourable customer acquisition costs.
For the three months ended 30 September,…
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