1847 Goedeker: Projecting $500M+ Revenue in 2021
Dec. 29, 2020
1847 Goedeker (NYSE American: GOED) is an industry leading e-commerce destination for appliances, furniture, and home goods. Since its founding in 1951, Goedeker's has transformed from a local brick and mortar operation serving the St. Louis metro area to a respected nationwide omnichannel retailer that offers one-stop shopping for national and global brands. While the Company maintains its St. Louis showroom, over 90% of sales are placed through its website (www.goedekers.com). Goedeker's provides visitors an easy to navigate shopping experience and offers more than 185,000 items organized by category and product features. Specialization in the home category has enabled Goedeker's to build a shopping experience and an advanced logistics infrastructure that is tailored to the unique characteristics of the market. Accelerating its path to $1 billion in annual revenue, the Company announced its acquisition of Appliances Connection in November 2020. The combined companies would generate approximately $362.8 million revenue and $27.3 million EBITDA for fiscal 2020 and $554.8 million revenue and $37.8 million EBITDA in fiscal 2021. Visit GOEDinfo.com to learn more.
