Oliver’s October Sales Up 6.86%, Expenses Down 23%, Net Profit Hits $261k
Oliver’s Real Food reports a strong October 2025 trading update, showing solid same-store sales growth and significant expense reductions that have driven improved profitability.
- Same-store sales up 6.86% year-on-year in October 2025
- Total expenses down 23% compared to October 2024
- Gross margin percentage improved to 63.76%
- Net profit before tax of $261k for October and $823k for July–October
- Closure of unprofitable stores contributed to cost savings
Strong Sales Momentum Continues
Oliver’s Real Food Limited has delivered a promising trading update for October 2025, reinforcing the board’s cautious optimism about the company’s current performance. The retailer reported a 6.86% increase in same-store sales compared to October 2024, signaling sustained consumer demand and effective sales strategies in a competitive food retail market.
Cost Efficiency Drives Profitability
Alongside the sales growth, Oliver’s achieved a notable 23% reduction in total expenses, amounting to $342,000 less than the previous year’s October figures. This improvement stems from targeted efficiency initiatives and the strategic closure of unprofitable stores, which have helped streamline operations and reduce overheads.
Improved Margins and Earnings
The company’s gross margin percentage edged higher to 63.76%, reflecting better cost control and pricing management. Despite a slight dip in total revenue compared to October 2024, Oliver’s posted a net profit before tax of $261,000 for the month. Extending the view to the first four months of the fiscal year, the company recorded a net profit before tax of $823,000, a significant turnaround from the prior year’s loss.
Outlook and Market Implications
The board’s statement underscores a cautiously optimistic outlook, balancing the positive momentum with an awareness of ongoing market challenges. The results suggest that Oliver’s focus on operational efficiency and selective store closures is paying off, positioning the company for potentially stronger full-year results. Investors will be watching closely to see if these trends hold as the fiscal year progresses.
Bottom Line?
Oliver’s Real Food’s October update signals a promising path to profitability, but sustaining momentum remains key.
Questions in the middle?
- Will Oliver’s maintain or accelerate same-store sales growth in coming months?
- How will the company balance further cost reductions without impacting growth?
- What is the strategic plan for store network expansion or consolidation beyond closures?