Australia's Maggie Beer falls as quarterly net sales slump

Maggie Beer Holdings

08/11/2022 02:15

** Shares of Maggie Beer Holdings Ltd  MBH.AX  fall as much
as 4% to A$0.24, their lowest since Oct 8
    ** The food retailer posts a 22.1% slump in Q1 FY23 net
sales year-on-year  urn:newsml:reuters.com:*:nASX90NZfk
    ** Co still expects strong sales across key entertaining and
cooking categories during Christmas
    ** Stock posts its biggest intraday pct fall since Oct 28
    ** Maggie Beer stock down 53.7% this year, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))