In today’s briefing:
- DFI Retail (DFI SP): 1H2024.Pivoting to Profitable Growth with RTE Foods
DFI Retail (DFI SP): 1H2024.Pivoting to Profitable Growth with RTE Foods
- Strong recovery in 1H2024 profit growth YoY was driven by margin improvements in the food and convenience segments.
- Double-Digit sales growth in the Ready-to-Eat (RTE) foods segment boosted margins, offsetting reduced cigarette volumes from last year’s tax increases in Hong Kong.
- While weak consumer confidence in North Asia impacted sales, good growth in the expanding Southeast Asia business provided a positive offset.
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