Business
Will the Freedom Foods (ASX:FNP) share price sink even further after its Q3 update?
The Freedom Foods Group Ltd (ASX: FNP) share price was out of form on Friday.
The diversified food company’s shares ended the day 4.5% lower at 41 cents.
This leaves the Freedom Foods share price trading a whopping 91% lower than its 52-week high.
Will next week be better for the Freedom Foods share price?
Whether or not the Freedom Foods share price performs better next week will depend upon the reaction to its third quarter update.
This update, that was released after the market close, reveals that the company had a tough quarter.
According to the release, for the three months ended 31 March, Freedom Foods reported total revenue of $141.6 million. This was down $17 million or 10.7% quarter on quarter.
Management advised that…
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