Slowing US demand for food delivery and declining membership at Purple Carrot
First written in FY2022-Q2. 6 of 16 entries say "Materialised", first in FY2022-Q3. Latest entry: 2026-11-12.
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- FY2026MaterialisedAnnual report
「Food delivery (Purple Carrot) ¥7,317 million」
Purple Carrot's revenue declined from ¥10,093 million in the previous fiscal year to ¥7,317 million, and impairment losses of ¥278 million on goodwill and ¥110 million on trademark rights were also recognized in the current fiscal year. The effects of slowing demand for food delivery in the United States and a shrinking membership base are reflected in full-year results and asset valuations. - FY2025MitigatedAnnual report
「The number of members increased and revenue grew year on year at らでぃっしゅぼーや and Purple Carrot.」
At Purple Carrot, the business has shifted from the previous phase of slowing demand for food delivery in the United States and declining membership to a phase characterized by increasing membership and revenue growth. - FY2024-Q3RestatedAnnual report
「Revenue declined year on year because membership decreased despite an increase in ARPU. The segment loss also narrowed year on year as measures to improve profitability progressed. As a result, results for the first 3 quarters of the current consolidated fiscal year were as follows: Revenue ¥6,888 million (down 8.2% year on year) Segment loss ¥283 million (compared with a loss of ¥494 million in the same period of the previous consolidated fiscal year)」
At Purple Carrot, the number of members and revenue continue to decline, and the risk of a slowdown in demand remains. However, measures to improve profitability reduced the loss from ¥494 million a year earlier to ¥283 million. - FY2024-Q2RestatedAnnual report
「Revenue declined year on year. Segment profit increased year on year as measures to improve profitability progressed.」
At Purple Carrot, the decline in revenue continues and the risk of a slowdown in demand for food delivery in the United States remains. However, measures to improve profitability reduced the segment loss to ¥164 million, compared with ¥173 million a year earlier. - FY2024-Q1RestatedAnnual report
「Revenue ¥2,371 million (down 8.3% year on year) Segment loss ¥45 million (segment loss of ¥137 million in the cumulative period of the same quarter of the previous year)」
At Purple Carrot, the decline in members and sales continues, although profitability has improved from the deterioration caused by sharp price increases and the loss has narrowed year on year. The risk of a slowdown in demand remains. - FY2023MaterialisedAnnual report
「Following the resumption of economic activity in the US, revenue declined as membership gradually decreased after peaking in the first quarter of the previous fiscal year. Segment profit showed signs of improvement, partly due to the effect of price optimisation from May 2022, but declined from the previous consolidated fiscal year due to the impact of lower revenue and inflation in raw-material and labour costs. As a result, revenue was ¥9,798 million, down 4.0% year on year, and the segment recorded a loss of ¥530 million, compared with profit of ¥387 million in the previous fiscal year.」
At Purple Carrot, declines in membership and revenue and the impact of raw-material and labour-cost inflation continued throughout the fiscal year, resulting in a segment loss of ¥530 million. Although price optimisation has led to signs of improvement, the business moved from profit in the previous year to a loss. - FY2023-Q3MaterialisedAnnual report
「Following the resumption of economic activity in the US, revenue declined as membership gradually decreased from its peak in the first quarter of the previous fiscal year. Segment profit showed signs of improvement, partly because of the effect of product price adjustments implemented in May, but declined year on year because of lower revenue and inflation in raw-material and labor costs. As a result, results for the first 3 quarters of the current consolidated fiscal year were as follows: revenue of ¥7,505 million, down 4.9% year on year, and a segment loss of ¥494 million, compared with segment profit of ¥471 million in the same period of the previous consolidated fiscal year.」
Declining membership and revenue as US consumers returned to purchasing at physical stores, together with profit deterioration caused by raw-material and labour-cost inflation, continued, and Purple Carrot’s result widened from a profit of ¥471 million in the same period of the previous year to a loss of ¥494 million. - FY2023-Q2MaterialisedAnnual report
「Following the resumption of economic activity in the US, revenue has declined as membership gradually decreased after peaking in the first quarter of the previous fiscal year. Segment profit has shown signs of improvement, partly due to the effect of price increases from May, but has declined year on year due to the impact of lower revenue and inflation in raw-material and labour costs.」
At Purple Carrot, declines in membership and revenue associated with the shift back to physical-store purchasing and a decrease in profit due to raw-material and labour-cost inflation have continued, resulting in a segment loss of ¥173 million for the cumulative second quarter. - FY2023-Q1MaterialisedAnnual report
「For Purple Carrot, which operates a vegan-focused meal-kit delivery business in the US, revenue declined as membership gradually decreased from its peak in the first quarter of the previous fiscal year following the resumption of economic activity in the US. Segment profit also declined from the previous year because of lower revenue and inflation in raw-material and labor costs.」
As purchasing shifted back to physical stores following the lifting of restrictions and the resumption of economic activity in the US, and as raw-material and labour-cost inflation continued, Purple Carrot’s membership, revenue and profit actually declined, resulting in a segment loss of ¥137 million. - FY2022WorsenedAnnual report
「For fiscal 2022, risks of broad-based cost increases due to rising prices in the US and a slowdown in revenue growth are expected.」
In addition to declining membership as purchasing shifted back to physical stores following the lifting of US restrictions, the company added the potential for higher costs from inflation and slower revenue growth in the following fiscal year as risks in valuing Purple Carrot’s goodwill. - FY2022-Q3MaterialisedAnnual report
「Membership declined from the end of the second quarter of the current consolidated fiscal year as consumer purchasing shifted back to brick-and-mortar retail stores following the lifting of restrictions on movement and the resumption of economic activity in the US. However, membership grew substantially year on year, resulting in significant increases in both revenue and segment profit.」
As restrictions were lifted and economic activity resumed in the US, purchasing shifted back to physical stores, and Purple Carrot’s membership actually declined from the previous quarter. Meanwhile, membership and performance increased year on year. - FY2022-Q2First statedAnnual report
「Local demand for food delivery has been gradually stabilising as the COVID-19 pandemic subsides, and membership is also trending down.」
The company identified the gradual stabilisation of US demand for food delivery and the downward trend in Purple Carrot’s membership as a new overseas-business risk and business-environment change.