Aussies just haven’t got the time and energy to work around a planned meal kit, and that’s not ending well for meal kit delivery services like My Food Bag (ASX: MFB), with its earnings down nearly 40%. At the end of January 2023, deliveries were down 11.8% compared to last year. Revenue was down 8.0%,
Read MoreThis year has been less than ideal for the meal kit delivery service My Food Bag (ASX: MFB). Fewer deliveries, poor customer retention, Omicron, and more hampered its progress. Worst of all, its marketing activities backfired. Now, there’s one question on its mind: What do customers want? Hopefully, they will figure it out soon. In
Read MoreAmid a tumultuous year, with fewer deliveries and trading challenges, meal kit home delivery service My Food Bag (ASX: MFB) CEO Kevin Bowler announced overnight that he is resigning from his position. After having joined the Company in June 2018 as its first independent CEO, Bowler took inventory of the matter in hand (think: lower
Read MoreMeal kit delivery service My Food Bag Group (ASX: MFB) is witnessing a slower than expected start to trading in FY23 with meal kit deliveries down 4% in July compared to last year. At the same time, the number of customers have returned to similar levels to 73,145 (in line with the end of July
Read MoreContrary to popular belief, the Kiwis do not only eat ‘fush and chups’. Just like us Aussies, our neighbours do in fact eat a wide and varied diet not dissimilar to ours. My Food Bag (ASX: MFB) is one company delivering fresh ingredients across New Zealand in the form of meal kits. The Company has
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