My Food Bag shares up 8% as sales momentum shifts

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)
Gregor Thompson
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...

More Retail

Restaurant Brands NZ's indy directors say low offer still tasty
Retail

Restaurant Brands NZ's indy directors say low offer still tasty

Below-valuation offer for Restaurant Brands NZ recommended by independent directors.

Staff reporters 28 Oct 2025
Mitre 10 starts banking IT project gains
Retail

Mitre 10 starts banking IT project gains

The hardware store chain has gained share in a tough market.

Pattrick Smellie 25 Oct 2025
Massive Pōrangahau fire largely contained after spreading to pines planned for Ikea furniture
Retail

Massive Pōrangahau fire largely contained after spreading to pines planned for Ikea furniture

A 245-hectare fire burning its way through forest near Pōrangahau, Central Hawke’s Bay, is likely to continue to cause firefighters headaches over the next week. Ingka Investments Management New Zealand operations manager Dylan Foster said roughly 80 hectares of their 550-hectare...

Staff reporters 22 Oct 2025