NetworkNewsBreaks – Home Bistro Inc. (HBIS) Anno
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Posted On: 07/12/2022 5:05:45 PM
NetworkNewsBreaks – Home Bistro Inc. (HBIS) Announces New Pricing Plan Following Successful Beta Test
Home Bistro (OTC: HBIS), a leading online meal-delivery platform that offers celebrity chef-inspired, gourmet and lifestyle ready-made meals, is planning on rolling out a new three-tiered pricing plan, effective Aug. 1, 2022. The announcement comes after the company saw positive results from beta testing of the enhanced meal-pricing structure. “Over the past six months, we have spent considerable time studying ways to reduce our product costs while expanding our top line revenue and increasing gross profit margin,” said Home Bistro CEO Zalmi Duchman in the press release. “By analyzing the current market and closely studying the value proposition of alternative products, we believe we are now properly positioned to lowering prices for our customers. Recognizing that we offer a premium product, our goal was to offer our all of our meals for under $20 while maintaining our premium product positioning and increasing profitability. From the initial positive results of our beta test, we believe we can accomplish this as we continue taking aggressive measures toward decreasing our expenses, increasing our gross profit margin and achieving profitability in 2023.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Home Bistro (OTC: HBIS), a leading online meal-delivery platform that offers celebrity chef-inspired, gourmet and lifestyle ready-made meals, is planning on rolling out a new three-tiered pricing plan, effective Aug. 1, 2022. The announcement comes after the company saw positive results from beta testing of the enhanced meal-pricing structure. “Over the past six months, we have spent considerable time studying ways to reduce our product costs while expanding our top line revenue and increasing gross profit margin,” said Home Bistro CEO Zalmi Duchman in the press release. “By analyzing the current market and closely studying the value proposition of alternative products, we believe we are now properly positioned to lowering prices for our customers. Recognizing that we offer a premium product, our goal was to offer our all of our meals for under $20 while maintaining our premium product positioning and increasing profitability. From the initial positive results of our beta test, we believe we can accomplish this as we continue taking aggressive measures toward decreasing our expenses, increasing our gross profit margin and achieving profitability in 2023.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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