Aug 20, 2024 / 12:00AM GMT
Matthew Marshall - Retail Food Group Ltd - Chief Executive Officer
Good morning and thank you for joining Rob Shore and I as we proudly share a strong set of results from a successful FY24 for Retail Food Group. With significant challenges facing both the economy at a macro level and more specifically within our food and beverage sector, our key financial metrics not only reflect the resilience of our core brands, but the improved quality of earnings and further momentum against the growth strategy we outlined 12 months ago.
Moving directly to slide three and before providing further context on our performance, let's start with the key numbers from a successful year. We finished the year with 741 domestic outlets, delivering net outlet growth of 42, underpinned by 33 physical new locations opened in the year, reflecting a focus on building scale in our core brands. Domestic network sales grew by 0.3%, driven by the four-year performance of the cafe-coffee-bakery segment that was up 3%, representing 71% of our network sales.
Importantly, we saw an acceleration of network sales in the
Full Year 2024 Retail Food Group Ltd Earnings Call Transcript
Aug 20, 2024
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