Forbidden Foods group revenues for the March quarter were up due to solid growth in physical store and online channels. The company reported a 171 per cent increase in net sales on the prior corresponding period (pcp), from $406,000 to $1.1 million.
Forbidden Foods CEO, Alex Aleksic, said the results showed the expanded addressable market for the combined group and its multi-brand strategy.
“With two consecutive quarters of over $1 million in net sales, we are on track to meet our annualised revenue targets while also taking steps to build the business into a market leader in the FMCG segment, with new product launches and expanded distribution partnerships,” Aleksic said.
March 2025 marked the highest monthly total ($532,000) since June 2023 when the new management team was installed.
Online sales in the quarter were supported by an Afterpay campaign, bringing month-end ecommerce revenues on a Moving Annual Total (MAT) basis to $1.25 million, an increase of 110 per cent pcp.
The company said that as it continues to consolidate sales growth for both physical store networks and online channels, discussions for additional product-ranging agreements are well advanced, while ecommerce sales are expected to benefit from the execution of targeted marketing campaigns.
