Good balanced analysis here.
My take on quick review:
- Tell me a food product / brand that has made a massive success in ecommerce on its own sites that is NOT infant formula. Sure third party distribution, but I struggle to identify one on its own platform that seems to be its focus, combined with not being in the key must have retailers.
- The impact RE. food services strikes me as complete B/S. Where has the "lower business confidence" in the restaurant industry occurred between Jan>Mar, vs last year... that makes NO sense. Strikes me as a sales botch up.
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