Business
A2 Milk wary about meeting reduced sales target – The Australian Financial Review
The baby formula and milk supplier needs an improvement in daigou channel sales even to meet its reduced sales guidance for 2021.
Mr Babidge acknowledged the outlook means a significant increase in revenue is needed in the second half.
“(It is also) dependent on a number of key assumptions, including an improvement in the daigou channel and continued growth in our China label business,” he said.
“We continue to observe strong underlying brand health metrics, in particular in China, including market share expansion, and growth of brand awareness and loyalty measures.
“This gives us confidence that, notwithstanding the current…
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