My Food Bag expects margin loss as prices lag inflation

My Food Bag chair Tony Carter and its chief executive, Mark Winter. (Image: Supplied)

Wed, 13 Aug 2025

My Food Bag says it expects to take a margin hit as food inflation outpaces its ability to raise prices. In his address at the meal-kit delivery firm’s annual meeting on Wednesday, chair Tony Carter said sales rose 3.8% over the first 4 months of the financial year compared with the same period last year. Carter added the firm expects first-half gross margin “to close below prior year as our price increases have lagged food price inflation”. During questions, one shareholder asked if the company expected to matc...

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