Heat on My Food Bag to deliver results

Heat on My Food Bag to deliver results
Chair Tony Carter and chief executive Kevin Bowler.
Dan Brunskill
My Food Bag’s first year earnings result failed to stem the stock’s share price slide despite delivering earnings ahead of forecast.The meal-kit company today reported underlying earnings were 1.8% up on initial public offer (IPO) forecasts at $29 million, on revenue of $190.7m.While the earnings were better than expected, the outperformance had already been signalled by management and shares took another step down, falling as low as $1.47.The annual report went out of its way to acknowledge the weak share price saying the board of...

More Markets

NZ sharemarket up 0.3% after three falls
Markets Market close

NZ sharemarket up 0.3% after three falls

The S&P/NZX 50 Index closed at 12,761.35, gaining 37.98 points or 0.3%.

Graham Skellern 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024
ForBarr raises Hallenstein Glasson target price 20%
Retail

ForBarr raises Hallenstein Glasson target price 20%

The outlook in the golden country is golden, they say.

Gregor Thompson 11 Dec 2024