Inflation eats My Food Bag’s sales boost

Inflation eats My Food Bag’s sales boost
The company said it was already preparing for a likely surge in omicron cases. (Image: Facebook)
Dan Brunskill
Meal-kit company My Food Bag said sales in the quarter ended December were up 15% thanks to the success of its Christmas Box, but earnings guidance will remain unchanged.Sales of the holiday special were up almost 12% from the prior Christmas and the company said the feedback was “overwhelmingly positive”.My Food Bag said its orders from its new kitchen products range was growing and was helping add products, beyond meals, for customers.Adding more products and value to its current offering is key to My Food Bag’s strategy, wh...

More Markets

NZ sharemaket up 0.1% despite 'volatile' markets
Markets Market Close

NZ sharemaket up 0.1% despite 'volatile' markets

The S&P/NZX 50 Index closed at 12,338.57, up 18.38 points or 0.15%.

Graham Skellern 03 Apr 2025
NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Ian Llewellyn 03 Apr 2025
Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.

Gregor Thompson 03 Apr 2025
S&P/ASX200 takes a tumble on Trump's Liberation Day, Asia to follow suit
Markets

S&P/ASX200 takes a tumble on Trump's Liberation Day, Asia to follow suit

The fall may be short lived now there is more certainty. 

Rebecca Howard 03 Apr 2025