Australia's Retail Food Group eyes best day in 11 months on FY22 guidance

Retail Food

20/06/2022 05:41

** Shares of food and beverage co Retail Food Group  RFG.AX 
rise as much as 11.9% to A$0.047, post their biggest intraday
pct gain since July 16, 2021
    ** Co says same-store sales up 2.2% YTD versus prior
corresponding period  urn:newsml:reuters.com:*:nASX7lXYdN 
    ** Sees FY22 underlying EBITDA of about A$21.4 mln ($14.89
mln) vs A$26.9 mln in FY21  urn:newsml:reuters.com:*:nASXZXq4G 
    ** With first half of FY22 significantly influenced by
COVID-19, co reported underlying EBITDA of A$9.3 mln in H1
    ** Customer count improving though still below pre-COVID
levels, says co
    ** Stock hits highest since June 14
    ** Stock down 41.7% this year, as of last close

($1 = 1.4372 Australian dollars)

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com))