Retail Food Group: Updates earnings guidance as customers return

Retail Food Group: Updates earnings guidance as customers return

• Retail Food Group (RFG) has updated its earnings guidance as customers start returning to its outlets amid easing COVID-19 restrictions
• The group is Australia’s largest multi-brand retail food franchise owner, with names like Brumby’s Bakery and Donut King under its umbrella
• The company also advises its net debt at the end of June will be around $25 million
• RFG has instigated a number of cost-cutting measures across its businesses to streamline operations during the pandemic shutdowns
• As customers begin returning to outlets across Australia and global markets, the group seems on a steady footing despite trying circumstances
• Retail Food Group is trading 13.1 per cent higher today at 6.9 cents per share