Covid-19 still impacting A2 Milk in early FY21

Wed, 09 Sep 2020

A2 Milk Company is still seeing some covid-19 impact at the beginning of the new financial year, particularly in the grey-market trade.In a presentation prepared for this week’s CLSA Investors' Forum it said it is seeing some softness in retail daigou continuing due to reduced tourism from China and international student numbers.Also, some disruption is being seen in the corporate daigou/reseller channel resulting from the stage 4 lockdown in Victoria.While A2 has shifted its reliance from daigou shoppers – who buy product in Au...

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