My Food Bag customer base stabilises after post-covid losses

My Food Bag customer base stabilises after post-covid losses
“My Food Bag appears to have arrested the decline,” one analyst said. (Image: Supplied)
Gregor Thompson
My Food Bag’s active customer base appears to have stabilised after a post-covid slump when people cut subscriptions and returned to shops, analysts said.“The result came in better than I had expected,” said Joshua Dale, who follows the stock for Craigs Investment Partners. “I think the market should be happy with this result, all things considered.”Shares in the meal delivery business, which owns the My Food Bag, Bargain Box and Fresh Start brands, jumped 27.42% to $0.16 on May 23 after it announced its...

More Retail

The Warehouse forecasts ebit to fall 64% in FY24
Retail

The Warehouse forecasts ebit to fall 64% in FY24

 Annual sales from continuing operations are expected to fall 6-7% on the year.

Staff reporters 24 Jun 2024
Laybuy merchants can expect delays to queries
Retail

Laybuy merchants can expect delays to queries

Merchants have been sent a letter saying they may be owed money.

John Anthony 21 Jun 2024
KMD Brands guidance undershoots analysts' forecasts
Retail

KMD Brands guidance undershoots analysts' forecasts

Group sales between February and May have fallen 8.4% year-on-year.

ComCom extends decision on Foodstuffs merger ... again
Retail

ComCom extends decision on Foodstuffs merger ... again

ComCom said it will issue a 'statement of unresolved issues'.

Gregor Thompson 21 Jun 2024