Forbar ‘materially reduces’ My Food Bag earnings expectations
Analysts says near-term recovery from weak consumer demand appears increasingly unlikely.
My Food Bag deliveries have fallen 12% on a year ago.
Forsyth Barr analysts have materially reduced their earnings expectations for My Food Bag through to 2025, after the listed meal kit delivery company last week warned its full-year result was likely to disappoint.
In an update released to the market Friday , company chief executive Mark Winter said
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