My Food Bag hits targets

My Food Bag hits targets
Tony Carter and Kevin Bowler said the result speaks for itself. (Photo: Supplied)
Dan Brunskill
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...

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025