Halo Food Co: Shares topple following decrease in online sales

Halo Food Co Shares topple following decrease in online sales

• Halo Food Co (HLF) tumbles over 10 per cent in early trade on the back of a decrease in online sales
• Halo Food’s subsidiary, The Healthy Mummy (THM), experienced a “more challenging trading environment” for its online business in recent months than forecast
• To remedy the situation, Halo has slashed costs across The Healthy Mummy business by approximately $160,000 a month over the last six months
• Meanwhile, THM will see three additional products stocked on Woolworths shelves nationwide
• Halo FoodCo shares are down 10.5 per cent, trading at 1.7 cents at 2:22 pm AEDT