RFG lifts forecast

gloria jeansThe retailer behind Gloria Jean’s cafes and Brumby’s bread has lifted its forecast for full year earnings after a bumper first half.

Retail Food Group, which also owns Michel’s Patisserie and the Crust pizza chain, lifted net profit to $21.5 million in the half year to December 31 from $17.3 million, while revenue rose to $33.8 million from $26.5 million.

The company said it was increasing its forecast for an underlying full year net profit to $55 million, $5 million more than its previous forecast.



Comment Manually


Roughly two months after it announced a partnership with QBD Books, the Australian Geographic brand will launch its… https://t.co/2LBex5jMsK

7 mins ago

Fashion designer Tommy Hilfiger issued a personal and professional call to action after the death of George Floyd i… https://t.co/YGHHZUGNK4

1 hour ago

Contributor Jared Dickson says a quick recovery is hard to believe, and two of the major retailers that will be und… https://t.co/4HF50kFARv

2 days ago