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Oliver’s Real Food Ltd. ( (AU:OLI) ) has provided an announcement.
Oliver’s Real Food Ltd. reported a significant improvement in its unaudited financial results for July and August 2026, compared to the previous year. Despite a 6% drop in sales, the company achieved a 15% reduction in expenses and a 1% increase in gross margin, attributed to the closure of unprofitable stores and enhanced service levels. The Board remains cautiously optimistic about maintaining this positive trend amid challenging market conditions. Additionally, the company settled its exit from the Pheasant Nest Northbound store, resulting in a lease liability write-back of $801k, offsetting a previous impairment charge. However, the Officer stores in Victoria will close due to continued unprofitability and high operational costs.
More about Oliver’s Real Food Ltd.
Oliver’s Real Food Ltd. operates in the food industry, focusing on providing healthy and convenient food options. The company is known for its commitment to offering fresh, organic, and natural food products, catering to health-conscious consumers.
Average Trading Volume: 194,223
Technical Sentiment Signal: Sell
Current Market Cap: A$4.87M
For an in-depth examination of OLI stock, go to TipRanks’ Overview page.