Business
Here’s what happened at the Bubs Australia (ASX:BUB) AGM
The Bubs Australia Ltd (ASX: BUB) share price is trading flat on Monday following the release of its annual general meeting presentation.
In afternoon trade, the infant formula, baby food, and vitamins company’s shares are fetching 71 cents.
What happened at the Bubs annual general meeting?
At the meeting the company warned shareholders that FY 2021 would be a challenging year because of the pandemic.
Nevertheless, it did have a success Double 11 (Chinese singles’ day) promotional period.
Bubs recorded Double 11 sales growth of 174% compared to the prior corresponding period. Management notes that sales on its Tmall Flagship store exceeded last year’s sales in the first hour of its campaign.
Bubs also revealed that it enjoyed…
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