Farmlands returns to profit with strong FY25 result
Rural retailer Farmlands has reported a return to profitability, something the co-operative says shows clear progress in the second year of its five-year strategy.
It also declared a $8.6m after tax rebate - the first return it has delivered to its shareholders in four years.
However, word around the traps is that while the company might be doing better in a financial sense, it is losing staff faster than the Labour party is shedding popularity in the polls.
According to chief executive, Tanya Houghton, the company is providing, "a great product range and pricing, specialist sector expertise and excellent customer service".
However, it appears Houghton and her leadership team's 'K-Martization' of Farmlands - including enforcing weekend trading at many of its stores and pushing online shopping - has seen a number of its long-serving staff head for the door.
