Forbidden Foods Limited (ASX:FFF) Secures Largest Costco Order to-Date
Purchase Order Details
Forbidden Foods Limited has secured its third purchase order from Costco Australia, valued at $133,000, representing the largest order to date. The order includes the newly launched multi-pack edition of the Blue Dinosaur ‘Bites’ range, featuring new flavour profiles and updated packaging.
Product Development
The ‘Bites’ range, developed in-house by Forbidden Foods, has seen strong demand and previously sold out across Costco stores. The multi-pack format aligns with Costco’s bulk-buy retail model, offering consumers quality branded merchandise at optimal prices.
Distribution Expansion
Costco operates 16 locations throughout Australia and New Zealand, providing opportunities for Forbidden Foods to expand within the group. This order adds to the company’s distribution momentum following the strategic acquisition of Oat Milk Goodness and recent distribution agreements with Woolworths and Ampol outlets.
Financial Performance
In the first two months of CY2025, Forbidden Foods reported year-to-date net sales increasing by 147% to $577,857 compared to the prior year.
Executive Comments
CEO Alex Aleksic stated, “The latest purchase order from Costco is another positive step in our strategy to establish Forbidden Foods as a leading multi-brand FMCG business, with a diversified distribution footprint and strong partnerships with major Australian retailers. This purchase order also marks the launch of our new multi-pack edition for the ‘Bites’ range, which is well aligned with Costco’s bulk-buy retail model and reflects our ongoing commitment to innovation across the product suite. Alongside our successful partnership with Costco, I look forward to providing our investors with additional product distribution updates in the months ahead as we build off of our existing market footprint to convert additional commercialisation opportunities.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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