My Food Bag reports a 17.8% profit increase to $3M despite revenue dropping 1.9% to $82.2M.

My Food Bag, a meal delivery company, reported a 17.8% increase in net profit to $3 million for the first half of 2025, despite a 1.9% drop in revenue to $82.2 million. Active customers and deliveries slightly decreased, but the company saw an improved gross margin to 49.8%. My Food Bag attributes the profit growth to cost-saving measures and operational efficiency. The company plans to pay down debt and expects similar earnings for the year.

November 20, 2024
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