My Food Bag shares tumble as half-year profit falls

My Food Bag shares tumble as half-year profit falls
My Food Bag’s newly appointed CEO, Mark Winter, says discounts are attracting new customers. (Image: My Food Bag)
Dan Brunskill
My Food Bag’s net profit for the six months ended Sept 30 fell 37% and revenue dropped 4% in its weakest half-year result since 2020.Shares in the company fell more than 16% to a new low of 48.5 cents per share as the New Zealand share market (NZX) opened this morning.The meal-kit company had reported net profit of $5.9 million in the first half of its financial year, down from $9.4 million the year before. Underlying earnings fell to $11.5m from $15.8m, and revenue was down $4m at $94.4 million.Chair Tony Carter said My Food Bag made 732...

More Markets

NZ sharemarket edges higher as F&P Healthcare weighs on gains
Markets Market Close

NZ sharemarket edges higher as F&P Healthcare weighs on gains

The S&P/NZX 50 Index closed 14.49 points or 0.11% down at 13,391.59.

Jamie Gray 24 Oct 2025
Contact Energy expands global investor base
Markets

Contact Energy expands global investor base

Contact Energy priced an inaugural €500 million (NZ$1.01b) 7-year senior bond under its Euro Medium Term Note (EMTN) Programme, it said Friday.“This marks a milestone in Contact’s funding strategy, expanding our global investor base and reinforcing our commitment to sustainable f...

Rebecca Howard 24 Oct 2025
Kiwibank wary of capital-review barrier to growth
Finance

Kiwibank wary of capital-review barrier to growth

Kiwibank raises issues of competitive advantage.

Andy Macdonald 24 Oct 2025
Cash or invest? What Allied Farmers could do with $7m
Markets Small Cap Wrap

Cash or invest? What Allied Farmers could do with $7m

Plus, Promisia's insightful guidance, numerous AGMs, and more.