Luxury Food manufacturer Maggie Beer Holdings is foreshadowing subdued results for FY24 with growth in sales of Maggie Beer branded foods offset by a decline in sales from its troubled Paris Creek Farms business. The Barossa Valley company told investors that FY24 revenue would be slightly ahead of FY23 at around $89 million, with anticipated…
A rise in sales during Covid-19 pandemic lockdowns has not lasted into Q1 FY22 for prestige food manufacturer Maggie Beer Holdings. The Barossa Valley company reported that Q1 FY22 sales were down 22.1 percent compared to the previous corresponding period which were boosted as consumers remained at home where they spent more time cooking. However…
Maggie Beer achieved close to $100 million in sales for the year ended June 30 as its e-commerce and Hampers & Gifts Australia powered its latest results. The Tanunda, Barossa Valley company, which is divesting itself of its two dairy company assets which underperform the Maggie Beer brand, reported $10.3 million in trading EBITDA on…
Luxury foods manufacturer Maggie Beer Holdings will consider selling its two dairy businesses which have underperformed due to Covid-19 impacts, Russia’s invasion of Ukraine and staff and supply chain problems. The company’s Maggie Beer Products and Hampers and Gifts Australia continue to perform well with sales up 19.3 per cent and 25.6 percent respectively compared…
Cattle have long been associated with a high carbon footprint thanks to their emissions of methane generated in the gut. But Maggie Beer’s Paris Creek Farms, one of two dairy business owned by the group, has turned that on its head with news its products are now 100 per cent carbon neutral. Paris Creek has…
A decision to enter the e-commerce field with the purchase of Hampers & Gifts Australia (HGA) is paying off for luxury food producer Maggie Beer Holdings with the company closing in on sales of $100 million a year. The Barossa Valley company today revealed bumper results with sales up 19 per cent in the year…
Luxury food group Maggie Beer Holdings rapid growth continued in the latest quarter, with the company revealing it expected sales of $85 million for the full year. In a business update the Barossa Valley company said the business was expected to make earnings before interest, tax, depreciation and amortisation of $11 million in the full…
Prestige food producer Maggie Beer Holdings is to further its move into digital and e-commerce businesses through the purchase of a leading hampers and gifts business for $40 million. The Barossa Valley company, which grew its e-commerce sales by 167 per cent during the Covid-19 pandemic, is purchasing 100 per cent of Hampers & Gifts…
Fine foods manufacturer Maggie Beer Holdings has recorded record sales in the first half as a company restructure and relaunched e-commerce portal boost the business. The Barossa Valley company reported a 20 per cent net sales growth of $4.6 million compared to the previous corresponding period, with Maggie Beer branded product sales up 28.6 per…
The food company that bears celebrity foodie Maggie Beer’s name has achieved the goals it set when she rejoined the company she founded with a big boost in sales and profits and positive contributions from its three luxury foods and dairy divisions. The Barossa Valley company posted earnings before interest tax depreciation and amortisation for…
