Monday, October 25, 2021

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Keytone Dairy: Reports 257pc up on sales forecast from Walmart China

  • Keytone Dairy has received an increased sales forecast from Walmart China for the production of milk powder for Sam’s Club West in 2021
  • Sam’s Club is Walmart’s membership-only store that was founded in 1983 and named after Walmart founder, Sam Walton
  • Then the club has over 50 million global members and 599 stores in the U.S. and 23 in China
  • For the 2021 calendar year, Keytone reported a sales forecast of NZ$7.2M (around A$6.6M) and production will begin in December 2020
  • This represents a 257 per cent increase compared to the NZ$2.8M (around A$2.59M) in sales from the 12 months to September 2020
  • Keytone is up 2.27 per cent and shares are currently trading for 22.5 cents each
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