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Mcpherson’S Limited ( (AU:MCP) ) just unveiled an announcement.
McPherson’s Limited has announced a new pharmacy wholesaler agreement with API Services Australia Pty Ltd, marking the completion of its transition to a new operating model. This strategic move shifts an estimated $15-20 million in annual revenue from a direct-to-store model to a wholesale relationship with API, potentially enhancing operational efficiency and market reach.
More about Mcpherson’S Limited
McPherson’s Limited is a prominent supplier of essential health, beauty, and wellness products in Australia. The company boasts five core household brands: ‘Manicare’, ‘Lady Jayne’, ‘Dr LeWinn’s’, ‘Swisspers’, and ‘Fusion Health’. McPherson’s focuses on expanding these brands through pharmacy, grocery, and e-commerce channels. Additionally, it offers a range of other popular brands in segments such as haircare, vitamins, supplements, fragrance, and nutrition. Headquartered in Sydney, McPherson’s is listed on the Australian Securities Exchange.
Average Trading Volume: 274,569
Technical Sentiment Signal: Sell
Current Market Cap: A$44.62M
For a thorough assessment of MCP stock, go to TipRanks’ Stock Analysis page.