We have today announced to the ASX our Q1 results which reflect ongoing growth acceleration in both beer and spirits with wholesale growth at +99% and non-Victorian venues getting back to ~ 80% of pre COVID levels. Key operational highlights included:
Commenting on the first quarter of FY21, Founders First Managing Director, Mark Haysman said: “A very strong start to the year with the completion of a significant capital raise in September which enables us to execute our growth strategy and invest in the business to fuel further growth. I am very pleased with our growth profile which is tracking ahead of expectations as the macro theme around craft continues to accelerate and retailers are responding well to our model which simplifies their business and in turn provides better outcomes for their customers”.
You can view the full detailed announcement here.