Freedom Foods gives a bushfire update, how will the share price respond?

The Freedom Foods Group Ltd (ASX:FNP) share price will be on watch tomorrow after the company provided a bushfires update after the market had closed. 

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Freedom Foods Group Ltd (ASX: FNP) share price will be on watch tomorrow after the company provided a bushfires update after the market had closed. 

Freedom Foods confirmed that none of its dairy farms or site operations have been directly affected by the recent Victorian and New South Wales bushfires. 

The company said that all its sites continue to remain fully operational and that the company's milk supply remains in a "strong position". 

Further, management said that there were no interruptions to daily deliveries. The company is working closely with its farmers to ensure they are supported and that the supply remains unaffected. 

Australian Fresh Milk Holdings (AFMH) operations have also been unaffected by the bushfires. Freedom Foods owns 10% of AFMH, which is the largest producer of dairy milk in Australia. 

Freedom Foods said that it's working closely with key retailers by increasing, when required, supply of UHT dairy beverages to help minimise the impact of any fresh milk shortage. 

Finally, the company said it had donated to bushfire affected communities in NSW, Victoria and SA via its partner Foodbank. 

The Motley Fool Australia has recommended Freedom Foods Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

A diverse group of people form a circle at a park and raise their arms together.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors pulled back from the market's record highs this Thursday.

Read more »

A few gold nullets sit on an old-fashioned gold scale, representing ASX gold shares.
Broker Notes

This ASX 200 gold stock could shine bright, says top broker

Poised to soar?

Read more »

Three miners looking at a tablet.
Resources Shares

3 ASX mining shares to sell today: experts

These iron ore, coal, and lithium miners have attracted sell ratings from brokers.

Read more »

Five different piggy banks, indicating a diverse share portfolio.
Bank Shares

Investing in ASX 200 banks: Which macroeconomic variables matter according to Macquarie

The majority of absolute bank performance can be explained by four key factors.

Read more »

Happy miner giving ok sign in front of a mine.
Broker Notes

Macquarie forecasts 40% upside for this ASX mining stock

Ready to rock.

Read more »

a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.
Share Gainers

Why DroneShield, EOS, Larvotto, and Life360 shares are racing higher today

These shares are having a strong session. But why?

Read more »

A man holds his head in his hands after seeing bad news on his laptop screen.
Share Fallers

Why Beach Energy, Cettire, Flight Centre, and Pilbara Minerals shares are sinking today

These shares are having a tough time on Thursday. But why?

Read more »

Red arrow going downwards in front of oil pumpjacks.
Energy Shares

Why did this $2.7 billion ASX 200 energy share just crash 11%?

Investors are fleeing the ASX 200 energy stock today. But why?

Read more »