My Food Bag says stabilising demand a positive sign

My Food Bag chair Tony Carter (left) and CEO Mark Winter. (Image: Supplied)

Fri, 16 Aug 2024

On Friday, My Food Bag indicated that its customer base has stabilised, and it expects to pay interim and full-year dividends in the 2025 financial year.At the meal kit company’s annual meeting, chair Tony Carter said the company is poaching market share from its major competitor, HelloFresh.At 3pm, shares traded up 1.66% at 18.4 cents on light volumes.“We’ve had an encouraging start to the year with the first 20 weeks of trading broadly in line with the prior year,” Carter said in his address. “Active customers of...

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