22nd November 2023 Bidfood
Its latest results show a bumper year for the global foodservice distributor in New Zealand, complete with a big uplift in its bottom-line performance.
Foodservice distributors suffer short-term power outages and disrupted deliveries across the North Island.
The company’s latest results tell a familiar food sector story of rising costs eating into profit, with revenue relatively flat in this case.
The foodservice supplier says it cannot absorb such steep cost increases and has to move them through to the market.
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