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Online sales for Wide Open Agriculture (ASX: WOA) thrive as Aussies stay home

Consumer
ASX:WOA      MCAP $15.39M
02 April 2020 09:50 (AEST)

In this climate of social distancing and indoor living, many Aussies are opting to have their food and supplies delivered to their door.

Because of this, Wide Open Agriculture (WOA), a clean and lean beef supplier, has seen its online sales grow 600 per cent between February and March.

The massive increase in online sales of ‘clean lean beef’ under Wide Open has marked a record for the company. Between February and March, online sales jumped from 51 to 388.

“Our role in tackling the COVID-19 crisis is simple, we aim to offer people with continued access to safe, healthy food through supporting local farmers that are committed to regenerating their farmland,” Managing Director Ben Cole said.

Wide Open Agriculture sells its beef online under the ‘Dirty Clean Food’ banner

WOA practices what is known as ‘regenerative agriculture‘. By cultivating beef and lamb that focuses on improving the land you farm on, the company claims to help soften the negative impacts of meat manufacturing on the environment.

Despite COVID-19 hitting restaurants hard, Wide Open claims its list of supplied clients are still keen to put the company’s meat on their tables.

Shares in WOA are up 33.3 per cent, trading for 18 cents per share at 11:50 am AEDT.

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