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Freedom Foods sales gain on plant-based beverage boom

Carrie LaFrenz

Freedom Foods says total revenue from continuing operations rose 4.3 per cent in the fourth quarter from the prior three months thanks to strong growth in long-life dairy and plant-based beverages.

Shareholders in May voted in favour of the final piece of restructuring after a horror year when it was forced to restate several years’ worth of its financials and took $590 million in write-downs following a nine-month suspension from trade.

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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

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    Original URL: https://www.afr.com/companies/manufacturing/freedom-foods-sales-gain-on-plant-based-beverage-boom-20210730-p58ehh