The firm has seen in an improvement in operating profit for the period ending 29 December 2018, rising from £18.53m to £24.8m.
Gross profit margins have remained consistent year on year as price increases and cost savings mitigated the impact of rising commodity prices.
This, alongside fewer one-off costs, has led to the positive rise in operating profit.
Net revenue for the year was also up 9.1% from £346m to £377m partly benefiting from the full-year inclusion of the Butterkist business, acquired in mid-2017. The volume price of its existing brands also supported this growth.
Overall, the firm announced profit for the period of £13.8m, up from £11.76m the previous year.
Impact of Brexit
As part of KP’s strategic support, it highlighted ongoing work to mitigate the impact of Brexit, with the appointment of a Brexit manager and an increased focus on stock holdings.
“Management will continue to monitor the risk levels and take appropriate action where necessary to ensure the company faces minimal disruption,” the report said.
Meanwhile, earlier this month, the firm announced that it had launched an investigation into its Ashby-de-la-Zouch factory, which manufactures its Hula Hoops brand, following anonymous hygiene regulations.