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My Food Bag Forecasts Year-on-Year Profit Growth Amid Rising Inflation Challenges

INDUSTRIAL IOT

My Food Bag anticipates a full-year net profit of $6.4 million to $6.8 million for FY 2026, up from $6.3 million in FY 2025. Revenue is projected to rise by 4.9%, with increased customer retention in the meal kit sector.

The company has expanded its offerings to include options for health-conscious consumers. Ingredient price inflation remains at 4.5%, but My Food Bag has improved its gross margin. Investments in automation have helped offset rising food costs. The company will announce its full-year results in May.

My Food Bag Forecasts Year-on-Year Profit Growth Amid Rising Inflation Challenges
Mar 17, 2026, 7:29 PM

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