My Food Bag Forecasts Year-on-Year Profit Growth Amid Rising Inflation Challenges
My Food Bag projects full-year net profit between $6.4 million and $6.8 million for FY 2026, an increase from $6.3 million in FY 2025. Revenue is expected to grow by 4.9%, with improved customer retention. The company has expanded its meal options to attract health-conscious consumers, despite facing ingredient price inflation of 4.5%. My Food Bag has managed to improve its gross margin and is implementing automation to mitigate costs. Full-year results will be released in May.
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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.
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