Oliver’s overhauls leadership as same-store sales rise

Adjusted same-store sales rose by 3.1% to $173,000.

Oliver’s Real Food has appointed two new senior executives: Natalie Ellis as Chief Financial Officer (CFO) and Timothy Sharpe as Chief Operating Officer (COO).

Ellis, who has worked at Oliver’s since 2017, has held roles across budgeting, financial reporting, and operational efficiency.

She takes on the CFO role with more than 10 years’ experience in financial and organisational management.

Sharpe, who joined the company in 2022, steps into the COO position after overseeing IT upgrades, operational changes, and parts of the company’s supply-chain transition.

He has also recently worked on sales and wage-budgeting processes and will now focus on customer experience.

This comes as the company reported that its operational results have strengthened in recent months.

Revenue for the September 2025 quarter was $5.782m, a 4.82% decline from the previous year due to store closures and lower EG Royalty income.

Adjusted same-store sales rose by 3.1% to $173,000. EBIT was $185,000, compared with a $201,000 loss a year earlier.

Operating cash flow improved to $769,000 from a negative $376,000, and EBITDA rose 57% to $702,000.

Same-store sales in October were up 6.86% year on year, whilst total expenses for the month were 23% lower than last year, a reduction of $342,000.