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Forbidden Foods Ltd ( (AU:FFF) ) has issued an update.
In its Q2 FY25 report, Forbidden Foods Ltd announced a significant increase in group revenues and cash receipts, primarily driven by the acquisition of Oat Milk Goodness (OMG) and the strategic expansion of its distribution network. The company achieved a 104% increase in net sales from the previous quarter, with new product stocking arrangements secured with major Australian retailers. The company is also focusing on expanding its market presence through additional product-ranging agreements and strategic marketing partnerships, poised to leverage economies of scale for long-term growth.
More about Forbidden Foods Ltd
Forbidden Foods Ltd is a company operating in the fast-moving consumer goods (FMCG) sector, focusing on better-for-you products. It manages multiple brands, including Blue Dinosaur and OMG, and has a market focus on expanding its presence in both physical and online retail channels in Australia.
YTD Price Performance: 0.0%
Average Trading Volume: 1,155,580
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$5.15M
For an in-depth examination of FFF stock, go to TipRanks’ Stock Analysis page.
