Boost Juice and Betty’s Burgers owner Retail Zoo is hoping for a rebound in earnings this year after forced store closures contributed to a 69 per cent drop in bottom line profits in 2020.

According to accounts filed by Retail Zoo’s holding company, Roar Bidco, net profit fell to $2.8 million in the 12 months ending June from $9.1 million in 2019, including $9 million in brand impairments and $3.1 million in costs for a proposed initial public offering. Earnings before interest tax depreciation and amortisation fell to $34 million compared to $37 million in 2019.