Food Revolution Group Ltd. (AU:OJC) has released an update.
Food Revolution Group Ltd., owner of The Original Juice Co., has reported a 13.2% increase in gross sales revenue to $59.6 million for FY2024 despite an operating EBITDA loss of $1.7 million due to citrus shortages and increased costs. The company has successfully diversified its product range, reducing reliance on citrus from 90% to 55%, and seen a 47.1% growth in its Juice Lab shots range. Operational efficiencies and strategic investments have positioned the company for sustainable growth in the competitive juice and wellness beverage market.
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