Which are 4 NZX food stocks to be explored in October?

Highlights

• Annual Meeting results published by My Food Bag Group and Cooks Global recently.
• Restaurant Brands recently released its interim report.
• Management changes update given by Burger Fuel.

Food stocks in the country have witnessed the change over the past year and a half owing to the pandemic-related uncertainties that the world has seen.

From supply chain disruption caused due to border closures to products not being sold because of store closures, businesses have had to face several challenges.

The trend has shifted towards online shopping, and food is no different.

Have a look at how the 4 NZX food stocks have taken to this adjustment lately.

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My Food Bag Group Limited (NZX:MFB)

The country’s largest meal kit operator system for online food distribution has been responsible for over 83 million meals for people and counting.

In the annual meeting results declared by the company last month, the auditor remuneration and expenses have been fixed to be authorised by the board of directors of the company.

On 30 September 2021, the Company traded at NZ$1.350, up by 1.50%, at the time of writing.

Related article; My Food Bag (NZX:MFB): Did the pandemic give a boost to its growth?

Burger Fuel Company Limited (NZX:BFG)

This is the umbrella brand that holds different franchisees under its name such as Winner Winner, ShakeOut and Burger Fuel.

Lately, the Company has announced the resignation of its chief operating officer, Tyrone Foley. He shall stay with the Company till the end of September 2021, and then move to a different career path of his interest. He served the Company for 10 years and enriched it with his broad experience and expertise.

On 30 September 2021, the Company traded at NZ$0.370 flat, at the time of writing.

Do read; 5 NZX Stocks Buzzing with Annual Reports - CGF, GFL, IKE, NTL, BFG

Cooks Global Foods Limited (NZX:CFG)

This Company deals with integrated food and beverage lines, Esquire Coffee House being one of its main brands.

In the latest annual meeting announcement made by the Company, Graeme Keith Jackson was re-elected as Director. It was further decided that the auditors’ remuneration shall be fixed and assigned by the board.

On 30 September 2021, the Company traded flat at NZ$0.040, at the time of writing.

Did you miss reading; Cooks Global eyes recovery from Q2FY21 after revenue losses due to COVID-19

Restaurant Brands New Zealand Limited (NZX:RBD)

This retail food chain is known to cater for brands such as Taco Bell, Carl’s Jr, Pizza Hut, KFC and so on.

The total Group sales announced for the first half of 2021 in the interim report is NZ$540.6 million, while the NPAT was NZ$34.5 million. The EBITDA recorded was NZ$89.9 million, which was NZ$26.5 million more than pcp.

On 30 September 2021, the Company traded at NZ$15.520, up by 0.58%, at the time of writing.

Bottom Line

Each food stock is building its way back to recovery from the ups and downs faced across last year.