FY24 Financial results highlight for Maggie Beer Holdings

Maggie Beer Holdings (ASX: MBH) has reported strong performance for FY24, highlighted by an 8% increase in revenue during the Christmas trading period, driven mainly by solid corporate sales from Hamper and Gifts Australia (HGA). Maggie Beer Products experienced a 6.3% revenue growth, bolstered by new product launches such as the Maggie Living range and Maggie Beer Hampers and collaborations with brands like Penfolds.

The company saw impressive gains in product distribution, with the Cooking and Ice Cream categories growing by 16.3% and 50.5%, respectively. This success underlines the effectiveness of their portfolio strategy. A technology roadmap is also in progress, including a Shopify migration and new website launches. The company is progressing towards becoming Australia's premier premium food and gifting product provider.

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