Strong UK convenience store sales and surging US growth have helped chilled food manufacturer Greencore achieve revenue of £320.5M for the 13 weeks to December 27 2013, up by 7.2% on the previous year.
Greencore’s full-year results reveal both the resilience of the convenience foods sector, after the horsemeat scandal, and the potential for earnings per share growth next year, according to City analyst Panmure Gordon.
Greencore has announced plans to sell its Dutch convenience foods business Greencore Continental in a bid to reduce net debt and focus on its core UK and US operations.
Greencore has appointed Diane Walker as chief executive of its convenience foods in the UK. She has also been elected as an executive director of the...
