Key points
- FY26 Underlying EBITDA within guidance range of $20.0-21.0m
- Network Sales of $489.5m (-3.1% vs PCP)
- First Australian Firehouse Subs store opened in June 2026
- New brand-aligned operating model implemented
Full summary
Retail Food Group Limited (RFG) presented its FY26 results, highlighting that Underlying EBITDA was within the guidance range of $20.0-21.0m. Network Sales were $489.5m, a 3.1% decrease from the prior comparative period (PCP). The first Australian Firehouse Subs store opened in June 2026, with strong initial trading performance. The company implemented a new brand-aligned operating model to improve franchise partner support and engagement, with each core brand led by an Executive General Manager. The Board has resumed the process to appoint a CEO, with Peter George continuing as Executive Chairman.
Outlook
Franchise partner unit economics expected to benefit from operational & marketing improvements. Gross margins expected to benefit from recent wholesale coffee price rise and lower input costs. Cost-out of $5-7m targeted in FY27. Cash flow expected to build on 2H26 momentum.