Bubs Australia eyes best day in nearly a year on upbeat trading update

Bubs Australia

13/06/2024 01:58

** Shares of Bubs Australia  BUB.AX  rise as much as 20.8%
to A$0.145; logs biggest intraday pct gain since June 21, 2023
    ** Infant milk formula maker hits highest level since May 27
    ** Co says weekly U.S. scan revenue exceeds $1 mln per week
    ** Says commenced roll-out of new label tins and sizes for
the U.S. market; increased target inventory levels in the U.S.
to meet rise in demand
    ** Says strong and sustained consumer driven demand will
provide a strong tailwind for growth in FY25
    ** Says China business has now rebounded; adds will finish
the FY well
    ** Stock down 7.7% this year, as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))