The Retail Food Group Limited (ASX: RFG) share price is trending lower today, sliding 4.7% to $4.42 per share at around 3:20pm AEST.
At the current share price, Retail Food Group's shares have lost almost a third of their value since the same time last year and are down 37.7% since the beginning of the 2017 calendar year.
Retail Food Group is the master franchisor behind a number of large food brands, including Gloria Jeans, Donut King, Pizza Capers and Brumby's Bakery to name a few. The company has generated strong profit growth and dividend growth for shareholders over the past decade, resulting in significant shareholder returns over that time.
In August, Retail Food Group reported a 14% increase in net profit off the back of a 27% increase in revenue. The company also increased its full-year dividend to 29.75 cents per share, up 8.2% from the previous year.
However, investors may be somewhat underwhelmed by the group's earnings guidance. This year, the company expects to grow its underlying net profit after tax by around 6%, marking a significant drop from 2017. The shares also went ex-dividend to take out 15 cents of the value they carried last week.
Motley Fool contributor James Mickleboro covered Retail Food Group's results in greater detail on 29 August, which you can read here.