• Total company revenue down $27k vs Q4 2023
• New Pheasant's Nest stores underperforming
• Wyong South and Euroa Service Centre stores impacted by competition
• Maryborough QLD store sees 23.55% sales increase

Oliver's Real Food Ltd has released its Quarterly Activities/Appendix 4C Cash Flow Report for the December 2024 quarter. Total company revenue was $6.824m, a decrease of $27k compared to the same period in 2023. The company cited several factors impacting sales, including underperformance at the new Pheasant's Nest stores, ongoing challenges at the Wyong South store due to increased competition, and a 10% sales decline at the Euroa Service Centre store following the opening of a nearby KFC. Offsetting these challenges, the company's Maryborough QLD store continued to show dramatic improvement, with sales up 23.55% for the quarter. The company attributed the positive results at Maryborough to a range of marketing initiatives and the appointment of a new store manager. Overall, company store sales were $6.786m, an increase of $19k compared to 2023, while like-for-like store performance was unchanged compared to the prior year. Gross margin percentage improved to 63.31% from 63.04% in 2023, and the company reported positive cash flow from operating activities of $927k for the quarter.