HelloFresh shares experienced a significant decline, with the company's stock plummeting up to 48% following its announcement of a disappointing outlook for the year. The meal kit giant warned of slower sales growth and scrapped its 2025 targets, leading to its worst performance since its 2017 debut. Adjusted EBITDA is expected to fall from 448 million euros ($480 million) in the previous year to between 350 million and 400 million euros in 2024. This downturn in HelloFresh's financial outlook has left analysts and investors surprised, marking a challenging period for the company.