Oliver’s Real Food Ltd. (AU:OLI) has released an update.
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Oliver’s Real Food Ltd. reported a revenue increase of $289k (4.95%) in the June 2024 quarter amidst a challenging environment, with sales impacted by factors such as underperforming new stores, increased competition, and a stock error that affected gross margins. Despite these challenges, the company saw a year-to-date gross margin improvement, closed an underperforming store, and maintained a positive cash flow from operating activities. The information was confirmed in the company’s quarterly report and operations update.
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