My Food Bag Group Ltd, a leading New Zealand meal kit provider, reported solid FY 2026 results ending March 31, 2026. The stock surged 7.55%, reflecting investor confidence in strategic growth and cost management. Over 12 months, shares delivered a 59% return.
Revenue reached NZD 170.2 million (up 5%), net profit after tax NZD 6.7 million (up 5.3%). Gross margin remained at 49%. The stock trades at a P/E of 9.8 and PEG of 0.39, indicating undervaluation.
In FY 2027, the company focuses on active customer growth, health innovations, and expanding the My Food Bag Shop. The board is reviewing strategic options.
