RFG 1.33% 7.6¢ retail food group limited

Ann: FY19 Results Presentation, page-5

  1. 33,665 Posts.
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    "cash decrease by only $5.7M without any major asset sales" :

    they sold the corporate head office which brought in up to $9M I believe , mind you balance that against the corporate restructure that probably cost at least $20 M
    What I find disturbing is the same store sales decreased several % , so their marketing campaign is not resulting in a net positive result , not good for franchisees who will be wanting to see a turn around in sales , there could be an improvement in profit margin for franchisees , due to RFG being less draconian in demanding franchisees only buy from RFG , but that was not reported .
 
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