RFG says higher input costs hit sales volumes
Food producer reported a 7.4% increase in revenue in the 21 weeks to February 26, while input inflation jumped 14.7%
22 March 2023 - 12:10
Food producer RFG Holdings, whose brands include Rhodes, Bull Brand, Magpie, Squish, Hinds and Today, said high input costs are affecting sales volumes as cash-strapped consumers cut back on essential spending.
Revenue rose 7.4% in the 21 weeks to end-February, while prices rose 14.7% — mainly as a result of higher packaging and meat costs, the company said in a trading update for the 21 weeks to February 26...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.