The a2 Milk Company has warned revenues will grow at just half the pace expected by investors over the next year, as the infant formula group struggles to ship products.
The ASX and New Zealand-listed group, which also supplies fresh milk and has been moving to manufacture its own goods rather than outsource production, also pushed out the timeline for revenues to reach $NZ2 billion ($1.8 billion) until 2027.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
