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Pure Foods Tasmania Ltd. ( (AU:PFT) ) has issued an update.
Pure Foods Tasmania has relaunched its Tasmanian Pâté range into Drakes Supermarkets, a major independent IGA operator with more than 70 stores across South Australia and Queensland, with five SKUs to provide a broader and more representative brand offering. The move is expected to significantly boost brand visibility, distribution depth and sales momentum, and forms part of the company’s strategy to rebuild growth across its core brands by strengthening distribution through high-quality retail partners and intensifying its sales focus following recent cost-cutting initiatives.
The most recent analyst rating on (AU:PFT) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Pure Foods Tasmania Ltd. stock, see the AU:PFT Stock Forecast page.
More about Pure Foods Tasmania Ltd.
Pure Foods Tasmania Ltd is a premium food and beverage company formed in 2015 to develop and promote Tasmanian products. Its strategy focuses on creating new premium offerings, expanding into plant-based foods, acquiring complementary brands, and growing market penetration and distribution globally through a portfolio that includes Woodbridge Smokehouse, Tasmanian Pâté, Daly Potato Co and an ice cream division.
Average Trading Volume: 209,912
Technical Sentiment Signal: Hold
Current Market Cap: A$10.28M
For an in-depth examination of PFT stock, go to TipRanks’ Overview page.