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Youfoodz on track to meet forecasts as B2C sales soar

Sue Mitchell
Sue MitchellColumnist

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Recently floated ready-made meals maker Youfoodz expects to make a profit this year for the first time in years after a surge in revenues fuelled in part by the coronavirus.

The Brisbane-based company, which floated in December, reaffirmed full-year prospectus forecasts after gross revenues rose 26.8 per cent to $50.6 million in the December quarter, lifting December-half revenues by 16.5 per cent to $100 million.

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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com

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    Original URL: https://www.afr.com/companies/retail/youfoodz-on-track-to-meet-forecasts-as-b2c-sales-soar-20210125-p56wk5