Confectionery maker Yowie Group's stocks have fallen to a three-and-a-half year low after it posted full-year sales revenue growth of 51 per cent - short of its forecast of 55 per cent - and suffered near-flat sales in its key US market.
Yowie said sales growth in the US was "essentially flat" at one per cent in the fourth quarter of 2016/17 at $US3.48 million ($A4.39 million) as a rise in convenience and grocery store sales was offset by a drop in sales in its largest retailer.
But the company said sales of Yowie products in Australia have continued to exceed expectations since they returned to shelves in February, with $US755,000 ($A952,735) in local sales in the fourth quarter.
The figures, revealed in a statement of Yowies fourth quarter results on Tuesday, bring the company's unaudited sales for the year to June 30, 2017, to $US19.48 million ($A24.58 million).
Yowie reaffirmed it expects total sales growth for 2017/18 to be between 55 and 70 per cent.
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Chief executive Bert Alfonso says the company still plans to grow by expanding its distribution in the US and entering other key markets.
Its US growth will include it launching a new brand of chocolates in its largest retailer in the first quarter of 2017/18, after the launch was delayed from the fourth quarter of 2016/17, he said.
"We remain confident regarding the prospects for the Yowie brand in both the US and selective international markets," Mr Alfonso said.
Yowie Group shares finished Tuesday down five cents - a 16.7 per cent drop - at 25 cents, their lowest level since January, 2014.
