Comvita’s 2024 revenue falls 10% due to ‘broader concerns’ over the economy

Negative sales in the US and China has affected Comvita's total honey category Mānuka subcategory. (Image: Comvita)

Mon, 27 Nov 2023

Comvita says weak sales and consumer sentiment in China and the US took a bite out of its revenue in the first four months of the current financial year.So far revenue – including revenue from the newly acquired HoneyWorld – is down 10% on the same period a year earlier.The company said the inflationary impact on discretionary expenditure had also negatively impacted the US market.Its total honey category and Mānuka subcategory had been hurt by the "broader concerns over the economy" in both China and North America.Shares...

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