My Food Bag grows revenue

Despite the omicron outbreak and rising inflation, My Food Bag had good news. (Image: My Food Bag)

Fri, 08 Apr 2022

Meal kit company My Food Bag says revenue was up 1.7% at $194 million in the 2022 financial year, while preliminary earnings were up 18% at $34.2m.This puts revenue $7.5m ahead of the forecast made at its initial public offering, but it has been unable to do the same with earnings and net profit, which are in line with forecasts.The omicron outbreak and rising inflation have both increased operating costs for the company, particularly in the final quarter of the financial year.My Food Bag said the priority for the business was keeping its peopl...

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