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Retail Food Group Limited (ASX:RFG)

ALERT: Price-sensitive ASX Announcement for RFG
Current share price for RFG : $0.860 -0.265 (-23.56%)+
Announcement
Release
26 Feb 2026 9:04AM
Price at Release
$1.125
Full Release
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Summary
Retail Food Group Limited (RFG) experienced a challenging first half of fiscal year 2026, with a slight decline in underlying revenue by 1.3% compared to the prior comparative period (PCP). The company reported a decrease in statutory net profit after tax by 72.9%, primarily due to lower coffee revenues as price increases were delayed to support franchise partners, and increased cost of goods sold. The strategic reset of company stores has progressed, with 70% of the targeted transitions or exits completed, impacting financial figures. RFG is focusing on operational and cost transformation, including improved supply chain management, to enhance efficiency and franchise partner earnings. Growth opportunities include expanding the Firehouse Subs network and improvements in international operations with the launch of a hub in Türkiye aimed at better serving international franchise partners.
Key Points
  • Underlying Revenue decreased by 1.3% compared to the prior comparative period.
  • Company reported a statutory net profit after tax decline of 72.9%.
  • Coffee revenue was impacted by delayed price increases to support franchise partners.
  • Cost of goods sold increased, affecting profit margins.
  • Strategic reset of company stores has seen significant progress with 70% transitions or exits completed.
  • Focus on operational and cost transformation to enhance efficiency.
  • Growth strategies include the expansion of the Firehouse Subs network.
  • International operations bolstered by Türkiye hub launch.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.