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1847 Goedeker
webinar replay now available.
Date: Wednesday, September 16, 2020 at 4:05PM EST
Duration: 20+ mins
About 1847 Goedeker (NYSE American: GOED)
1847 Goedeker (Goedeker's) 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.
Investment Highlights
- Leading online marketer of brand-name appliances o Generated revenues of $47.6 million in 2019 Q2 revenue up 32.4% YoY to $15.3 million
- Q2 site sessions up 105.2% YoY to 3.1 million o Q2 orders up 91.7% YoY to $29.9 million
- Customer base of higher-income, higher-wealth shoppers
- 2019 US appliance sales were $18.3B and growing at 13.7% CAGR
- Favorable margins and competitive pricing
- Network of distributor, manufacturer-direct buying, and installer relationships drives favorable margins while offering customers competitive pricing
- Strong near-term growth potential
- Strengthened balance sheet with July 2020 IPO ($10M gross proceeds)
- Immediately scalable business model grows cost-effectively with ad spending
- Industry-focused management team
- Experience and performance in online marketing
- CEO Doug Moore brings 25 years of retail experience
A live Q&A session, open to current and prospective investors, will immediately follow CEO Doug Moore's presentation.
For more information on 1847 Goedeker (NYSE American: GOED), visit http://www.goedinfo.com/
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