My Food Bag shares up 8% as sales momentum shifts

Chief executive Mark Winter says demand growth has continued in the current financial year. (Image: Supplied)

Thu, 22 May 2025

My Food Bag shares have rallied after the company marginally reversed its delivery decline and signalled further positive sales momentum in its outlook.The meal-kit delivery company posted full-year revenue of $162.1 million for the 12 months ended March 31, down slightly on the prior year. Net profit after tax (npat) rose 5% year-on-year to $6.3m.The previous financial year included part of a 53rd week based on where My Food Bag’s weekly delivery cycle fell. Accounting for this, second-half revenue for the 2025 financial year reache...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Primary Sector

Bega seeks merger regulator review for Fonterra Oceania

Fonterra has 650 farmers in Australia.

Riley Kennedy 16 Jun 2025

Markets Market Close

THL buyout offer lifts NZX 50

Tourism Holdings helped the NZX 50 rise 1.09%.

Gregor Thompson 16 Jun 2025

Property

Court to decide Du Val asset seizure orders

Charlotte and Kenyon Clarke will get to have their say ten months on.

Maria Slade 16 Jun 2025

Court to decide Du Val asset seizure orders

Sponsored

New Zealand’s AI imperatives: Transparency and the human touch

Hard-hitting report warns uncertainty could block progress.

One NZ

Sponsored

You might not need a bigger budget – just a bolder mindset

Challenger brands don’t always outspend – they outthink. Here’s why bold ideas often win.

YoungShand

More Retail

Retail

Freedom Furniture bought by Australian competitor

Freedom Furniture has been snapped up by competing retailer Amart, according to media reports.The Australian Financial Review (AFR) reported on Monday that Amart, which Quadrant Private Equity backs, intends to grow Freedom Furniture’s footprint from 60 stores in Australasia to b...

Gregor Thompson 16 Jun 2025