Yowie gives shareholders a 'reality' check

January 03, 2018

Australian chocolate maker Yowie Group has cut FY sales growth guidance to 17 per cent.

Yowie has slashed its full-year sales growth guidance, with chief executive Bert Alfonso stepping down from the helm of the confectionary maker.

The Australian chocolate maker says it expects net sales to grow by 17 per cent, rather than the previously forecast 55 per cent, due to an 11.7 per cent decline in first-half North American sales.

Chief operating officer Mark Schuessler has taken over from Mr Alfonso as chief executive.

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