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Retail Food Group Limited (ASX:RFG)

ALERT: Price-sensitive ASX Announcement for RFG
Current share price for RFG : $0.780 0.18 (30%)+
Announcement
Release
2 Jun 2026 8:58AM
Price at Release
$0.600
Full Release
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Summary
Retail Food Group Limited (RFG) has provided a market update detailing their ongoing transformation program which is progressing ahead of schedule. They anticipate increased savings for FY26 and steady savings for FY27. Despite operational and structural enhancements being on track, the company faces challenging trading conditions with decreased sales in its Core Brand Network. The company has revised its FY26 Underlying EBITDA Guidance and is on track to open its first Firehouse Subs restaurant in June 2026.
Key Points
  • Transformation Progress: Cost rationalisation is ahead of schedule with estimated savings for FY26 increased to $2.3-2.5m, and FY27 savings remain $5.0-7.0m.
  • Operational enhancements and structural alignment activities are on track.
  • Challenging Trading Conditions: Core Brand Network Sales decreased by 4.8% and Core Brand Same Store Sales fell by 0.8% for the first 20 weeks of 2H26 compared to the previous corresponding period.
  • FY26 Underlying EBITDA Guidance has been adjusted to $20.0-21.0m.
  • The first Firehouse Subs Restaurant is scheduled to open in June 2026.
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.