Markets

My Food Bag hits targets

Dan Brunskill
Fri, 20 May 2022

My Food Bag hits targets
Tony Carter and Kevin Bowler said the result speaks for itself. (Photo: Supplied)
Dan Brunskill
Fri, 20 May 2022
My Food Bag has reported earnings for the year ended March almost exactly in line with the forecasts made in its initial public offering (IPO).The meal-kit company posted a net profit of $20 million – up dramatically from last year, which was weighed down by IPO costs – and pulled in revenue of $194m.Revenue was higher than forecast due to inflation pushing up the headline number, but earnings before interest, tax, depreciation, and amortisation were as expected at $34.2m.“We believe that our results speak for themselves,&rdqu...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Economist
How attractively are shares now priced?
The Economist | Sun, 26 Jun 2022

What a key valuation measure says about buying the dip.

Wine FREE
The $100 Club: A wine rich list
Bob Campbell MW | Sun, 26 Jun 2022

If you're a wine connoisseur, you're spoiled for choice. The number of high-flying wines on sale for more than $100 has tripled since 2013.

Property FREE
Money Answers: how much mortgage can I actually afford?
Frances Cook | Sat, 25 Jun 2022

This week, readers ask how they should decide as a family what they can afford in terms of buying a house – and just because you can, should you?

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.