Oliver’s Real Food Ltd. (AU:OLI) has released an update.
Oliver’s Real Food Ltd. reports a robust March 2024 quarter with a revenue increase of 18.56% to $7.57 million and an EBIT rise of 28.82% compared to the same period last year, buoyed by new store openings and seasonal trading variations. Despite facing inflationary pressures causing a 21% hike in expenses, the company maintained positive cash flows and saw same-store sales grow by 7.63%. The performance was tempered by the expectation that some revenue increases, such as those from the Wyong South store, may not be sustainable.
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