My Food Bag Group Limited has released an FY23 trading update, showing a slower start to the year than expected.
Deliveries and active customer numbers have decreased from the same time last year, and EBITDA has dropped approximately 8.5%.
Action is being taken across the business to improve trading performance, with initiatives to increase order frequency and loyalty campaigns.
Cost pressures from inflation and weather events continue to be managed, with full year earnings expected to be below FY22.
More information will be provided to investors at the annual meeting on 19 August.
See more
