MFB - My Food Bag

[Basil]

$200,000 is the new $100,000.  $100K disclosure is a bit silly now.  Even junior managers are earning that.

[winner (n)]

$200,000 is the new $100,000.  $100K disclosure is a bit silly now.  Even junior managers are earning that.

As a matter of interest average rem was about $87,5000 per employee

Gender pay gap was 3.4% (based on median hourly rates)

108 female and 98 employees at March 25 .....does not appear to be any non-binary

[winner (n)]

Westpac Retail Spending Pulse for December says spending on the rise

This bit of note - The lift in spending has been spread across retail categories, with notable gains in discretionary spending areas like dining out.That's consistent with the lift in consumer confidence in recent months.

https://library.westpaciq.com.au/content/dam/public/westpaciq/secure/economics/documents/nz/2026/01/Economic-Data_150126-Retail-spending-pulse_bulletin_15Jan26.pdf

[Basil]

Always important to think ahead. FY 26 almost done and dusted. They'll be debt free and we'll positioned  by the end of next financial year. Added some nore this morning.

[Auto Rower]

Has this been Instigated by your dividend hound instinct's !

[Basil]

Has this been Instigated by your dividend hound instinct's !

Is the Pope a Catholic lol

[winner (n)]

MFB ner top of NZX Leaderboard this morning

Basil buying did it lol

[Habitz]

Wish share price would break through 25

Got your wish winner (n). Now buy a lotto ticket

[winner (n)]

Saw a bit of commentary out of Australia about this K shaped economy we are currently in and its impact on food deliveries / meal kits etc.

Basically says in the context of MFB (my translation) that their 60,000 odd customers aren't suffering from any cost of living crisis and doing quite well. Only the rest ofvthe populus suffering 'hardship' and the way the world is going will continue to do so even if they get a bit of relief from lower mortgage payments

Conclusion is MFB might struggle to (significantly) increase the number of customers they have.

[Left Field]

Conclusion is MFB might struggle to (significantly) increase the number of customers they have.

Agree.

In addition, in our local community, many MFB customers are  buying less MFB meals, switching from (say) 5 meals per week to only 2 or 3.

The next MFB revenue update will be interesting

(Disc - don't hold, just watching.)

[Basil]

I disagree.  The fact is that revenue has proved very resilient during the longest and deepest recession in decades. There's no plausible reason I can think of why the company wouldn't do better in a recovering economy.

[winner (n)]

The crux of my thesis this morning was that My Food Bag customers weren't really affected 'during the longest and deepest recession in decades.'

K shaped economy ....Like probably hasn't impacted many of us on Stocktalk

[Auto Rower]

The crux of my thesis this morning was that My Food Bag customers weren't really affected 'during the longest and deepest recession in decades.'

K shaped economy ....Like probably hasn't impacted many of us on Stocktalk



Speak for yourself it certainly had a effect on my dividend Income ,elsewhere I might add




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[winner (n)]

MFB share price a bit weak lately ..up today but still a long way off recent high of 28 cents

Longer Iran goes on input costs will increase and distribution could go up even more. Distribution stuffed margins once before. Will their customers accept a price rise?

MFB promo activity seems to be going flat out ...I get special offers almost every day lol. I just saw a Hello Fresh ad on TV ..maybe both a struggling to grow sales?

Retail data shows restaurants doing well at moment ......data would say a negative factor for MFB

Might send an email to Tony saying an update is needed

But I'm told they a cash machine spitting out cash so no real worries

[Habitz]

SP is up today... nice. If we only mention the UP days and not any others we will be able to convince the punters that MFB is on a roll, the FOMO will increase