A2 slashes guidance even further, share buy-back on the cards

Mon, 10 May 2021

The A2 Milk Company has slashed guidance again as excess inventory bites and the board is now looking at a possible share buy-back.The company is now targeting revenue for FY21 in the order of $1.20 billion to $1.25b, it said.In February it said it was targeting revenue of $1.4b, guidance it had already cut from $2b in November. According to A2, while third-quarter trading has been “broadly in line with plan, it is clear that the actions taken to address challenges in the daigou/reseller and cross border ecommerce channels (CBEC) wil...

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