My Food Bag says trading remains slower than expected

Fri, 17 Feb 2023

My Food Bag has continued to see slower trading than expected in the current financial year with deliveries down 11.8% on the year to the end of January. "Trading in FY23 has remained challenging, with inflationary pressure on households and low consumer confidence resulting in more subdued demand,” chief executive, Mark Winter, said.In terms of financial performance, revenue was down 8.0% and earnings before interest, tax, depreciation and amortisation (Ebitda) were down 39.2% when compared to the same time last year, he said.&...

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