Investors piled into Costa Group on Thursday sending the stock up 6.7 per cent after the fresh produce supplier predicted that its 2023 harvest in China and Morocco will generate strong returns.
While its domestic business was pummelled by extreme weather which hurt its overall performance in 2022, the $1.1 billion grower of avocados, berries and citrus told investors at its annual meeting on Thursday that the international operations are on track for an improved performance.
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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
