My Food Bag customer base stabilises after post-covid losses

“My Food Bag appears to have arrested the decline,” one analyst said. (Image: Supplied)

Mon, 27 May 2024

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...

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