According to Food Empire, the company is on track to reach its fifth straight financial year of record revenue.
Analysts believe Food Empire’s shares could go past $3 after the company’s revenue for the 9MFY2025 reached a new high.
For the nine months ended Sept 30, total revenue surged by 23.9% y-o-y to US$426.7 million ($555.0 million), as 3QFY2025 revenue grew by 28.3% y-o-y to US$152.6 million. The higher quarterly revenue was driven by a particularly strong quarter by Food Empire’s Russia and Ukraine, Kazakhstan and CIS (Commonwealth of Independent States) segments.
