Food Revolution Group Ltd. (AU:OJC) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Food Revolution Group Ltd. reports a 9.4% revenue increase to $15m in Q3 despite fruit shortages and cost increases impacting profitability. The company is adapting its business model by diversifying product range and securing more fruit under contract to mitigate future supply issues. Original Juice Co. and Juice Lab brands continue to see high demand, with expectations of improved fruit supply and balance in Q4.
For further insights into AU:OJC stock, check out TipRanks’ Stock Analysis page.