New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Greater customer spend offsets decline in deliveries: Revenue has grown marginally compared to the prior year as AOV has more than offset a decline in total deliveries</li><li>Product mix can capture price conscious consumers: Resilient active customer numbers despite signs of trading down in size and brand suggest MFB is able to retain customers by continuing to offer lower-cost alternatives, even as orders per household may be falling</li><li>Cost pressures starting to flow through to earnings</li></ul>

Greater customer spend offsets decline in deliveries: Revenue has grown marginally compared to the prior year as AOV has more than offset a decline in total deliveriesProduct mix can capture price conscious consumers: Resilient active customer numbers despite signs of trading down in size and brand suggest MFB is able to retain customers by continuing to offer lower-cost alternatives, even as orders per household may be fallingCost pressures starting to flow through to earnings

My Food Bag: Inflation Challenges Stirring the Pot

My Food Bag Group Ltd

My Food Bag: Inflation Challenges Stirring the Pot