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Maggie Beer Holdings in lockdown sales spike

Simon Evans

Key Points

  • Revenue ($m): 53.8, up 18pc
  • Pre-tax profit ($m): -2.4 v year-earlier -14.8
  • Net profit ($m): 1.9 v year-earlier -14.8

Lockdowns in Sydney and Melbourne have delivered another sales spike for gourmet food producer Maggie Beer Holdings in recent weeks as frustrated households treat themselves with higher-end products delivered online.

Chief executive Chantale Millard said the business, which sells a range of cheese, pate, fruit pastes, soup and cooking stock, had already been generating strong momentum but the renewed lockdowns in Australia’s two biggest cities had supercharged that.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/retail/maggie-beer-holdings-in-lockdown-sales-spike-20210818-p58jwj