Retail Food Group Reports Strong Growth Amid Challenges

Retail Food Group Limited (AU:RFG) has released an update.

Retail Food Group Limited showcased a robust financial performance in FY24, with a significant increase in underlying revenue by 12.9% and EBITDA by 15%, compared to the prior corresponding period. The company’s growth was driven by the addition of 42 new domestic trading outlets, the successful acquisition of Beefy’s Pies, and the launch of new e-commerce platforms and customer technology solutions. Despite a challenging economy, the group’s network sales reached $504 million, with the Cafe, Coffee, Bakery segment demonstrating strong resilience with a 4.9% same-store sales growth.

For further insights into AU:RFG stock, check out TipRanks’ Stock Analysis page.