My Food Bag - FY23 Current Trading Update

My Food Bag Group Limited (MFB) has provided an update on their FY23 trading performance, reporting that deliveries were down 11.8% compared to the same time last year and EBITDA was down 39.2%.

CEO Mark Winter noted that inflationary pressure on households and low consumer confidence had resulted in more subdued demand, while Chairman Tony Carter said that while the financial result was likely to be disappointing, the Board was confident in the long term outlook for My Food Bag.

MFB did not intend to pay a final dividend for FY23, and will release their audited results in May.