Oliver’s Real Food Faces Revenue Dip Amid Market Challenges

Oliver’s Real Food Ltd. (AU:OLI) has released an update.

Oliver’s Real Food Ltd reported a slight revenue decline of 1.02% for the September 2024 quarter, affected by factors such as school holiday timing and underperformance at new stores. Despite a decrease in like-for-like store sales, particularly in NSW, there was growth in Queensland sales by 13.21%. The company is implementing marketing efforts to address these challenges and improve sales performance.

For further insights into AU:OLI stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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