From 'The Age' online, re BGA's major yoghurt competitor, USA...

From 'The Age' online, re BGA's major yoghurt competitor, USA brand Chobani:

"...But even Chobani is not immune to macroeconomic factors affecting food producers in Australia. As shoppers rein in their spending, budget more carefully and trade down to more affordable products, food manufacturers across the board are grappling with mounting business and input costs, encompassing electricity and energy, annual wage increases and heftier utility bills.
In 2023, the yoghurt maker booked profits of $1 million, up from a loss of nearly $5.7 million the year before, driven by an 18.9 per cent bump in sales to $246.1 million. This revenue figure has been steadily climbing over the years (it was $189 million in 2020 and $191 million in 2021) but profits ($787,000 in 2020 and $1.8 million in 2021) have fluctuated. In 2023, a range of expenses also climbed, but foreign exchange rates and finance income improved..."