Insights

Here’s why the Food Revolution (ASX:FOD) share price jumped 8% today

The Food Revolution Group Ltd (ASX: FOD) share price is in a very healthy position today after deals with Coles, Woolworths, and Metcash.
The post Here’s why the Food Revolution (ASX:FOD) share price jumped 8% today appeared first on The Motley Fool Australia. –

businessman handing $100 note to another in supermarket aisle representing woolworths share price

The Food Revolution Group Ltd (ASX: FOD) share price had a very healthy day today. The share price was sent shooting for the sky after the company provided an update on sales of its product at Coles Group Ltd (ASX: COL), and new deals with Woolworths Group Ltd (ASX: WOW) and Metcash Limited (ASX: MTS).

The Food Revolution share price was as high as 4.4 cents today – up 18.5%. At close of trade, shares in the food producer had retreated and are trading for 4 cents each – up 8.11%.

Let’s take a closer look at Food Revolution’s announcement with Coles and Woolworths.

What did Food Revolution announce today?

In a statement to the ASX, Food Revolution Group announced Metcash will sell its ‘Juice Lab Super Shots’ from April. As well, Woolworths Supermarket and Metro stores will stock the item from May. On 9 March, the company began selling its products at Coles stores.

In its announcement, Food Revolution said sales for the 60mL drink were already exceeding expectations. Coles ranges the ‘Super Shots’ in over 1000 stores already. The group sells the drink in 3 varieties – ‘Focus’, ‘Immunity’, and ‘Digest’.

Coles sells the product for a base price of $3.50, although this week it is on special for $2.00.

Words from the CEO

Speaking on today’s announcement, Food Revolution CEO Tony Rowlinson said

We are delighted as to the positive response to Juice Lab Wellness shots by our retail partners. Having FOD’s largest customer Woolworths onboard is a fantastic outcome.

The initial consumer offtake in Coles has been excellent and the team have done a good job meeting the increased demand. With consumers globally seeking products that deliver against immunity and provide functional benefits due to COVID- 19, we are well positioned with our extended range of wellness beverages and carbonated beverages to be rolled out into the market.

Getting the Juice Lab shots ranged provides us with the catalyst to introduce extended Juice Lab offerings.

The company estimates the Australian health and wellness market to be valued at $650 million.

Food Revolution share price snapshot

Despite today’s impressive gains, Food Revolution has been on a downward trend over the past year. 12 months ago, shares in the company were swapping hands at 7.2 cents each – a 41.7% drop in share price at today’s rate.

In fact, at the end of 2018, the Food Revolution share price was as high as 20 cents.

Food Revolution’s market capitalisation is $33.2 million.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

The post Here’s why the Food Revolution (ASX:FOD) share price jumped 8% today appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!