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Tiger Brands flags reduced consumer demand in January
But says it’s too soon to know whether this indicates that even more challenging times lie ahead.
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The strong start to its financial year has been diluted by particularly poor performance at the start of the calendar year. Image: Moneyweb
Despite reporting a 12.1% increase in revenue from continuing operations for the quarter ended December 31, 2020, listed fast-moving consumer goods giant Tiger Brands says the âstrong startâ to its financial year has been âdiluted by a particularly poor performance for the month of January 2021â.
The group, which owns brands such as Tiger Oats, Albany Bread and Tastic Rice, put out a voluntary trading update (for the four months to the end of January) and a trading statement for its upcoming half-year ending March 31 on Wednesday.