Maggie Beer shares dive on $4.2m profit downgrade
The gourmet foods producer Maggie Beer Holdings has warned that profits will be crunched $4.2 million lower than anticipated as supply chain disruptions and trouble in its dairy businesses outweigh price rises it has pushed through.
The company’s figurehead is celebrity chef and author Maggie Beer, who is also a director of the ASX-listed company that accelerated its online presence last year with the $40 million acquisition of Hampers & Gifts, supercharging growth as many Maggie Beer food products were included in the hampers.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Retail
Fetching latest articles