News: GDA Good Drinks Australia Provides Q1 Fy23 Sales Update

Nov 10 (Reuters) - Good Drinks Australia (GDA) :

• Q1 FY23 SALES UPDATE
• EXPECT A RECORD Q2, STRONGEST QUARTER
• SEES STRONGER H2 COMPARED TO PRIOR YEAR TO DELIVER STEP-CHANGE IN EARNINGS AND SHAREHOLDER VALUE IN FY23
• QUARTER TOTAL GDA REVENUE A$22.3 MILLION UP 157%
• 11% GROWTH OF OWN-BRAND SALES IN QUARTER
• EXPECTED FY23 PRODUCTION VOLUME 16M LITRES
• H1 EARNINGS EXPECTED TO BE SIMILAR TO PRIOR YEAR
• SHORT-TERM MARGIN COMPRESSION EXPECTED IN H1
• SEES STRONGER H2 COMPARED TO PRIOR YEAR