Dublin-headquartered Greencore has tripled US sales in the first quarter of the current financial year and reported continued UK growth from its convenience, and especially food-to-go, operations.
Global food giant Mondelēz International has posted growth in sales and income in its third-quarter results, after it bounced back from a cyber-attack in June.
Premier Foods reported a 9.3% drop in underlying profit to £117M in its full-year trading update, as the business vowed to focus on cost efficiency and revenue growth.
Nomad Foods, owner of Birds Eye and Findus, reported a 22.6% fall in profits in its fourth quarter of 2016, but claims to be considering strategic acquisitions in 2017.
Associated British Foods (ABF) expects to report an “excellent performance” in first-half trading, due for release on April 19, driven by revenue growth in its Grocery, Sugar and Ingredients divisions.
Premium confectionery business Hotel Chocolat has reported “stellar growth” in first-half results for its 2016/17 financial year; boosted by strong Christmas sales and continuing store expansion, according to business analyst GlobalData.
Vimto owner Nichols has reported its revenue was up by 7.3% in a trading update released on Tuesday (January 10), for the year ending December 31 2016.
Ready meal specialist Bakkavor has reported revenue growth across the group due to “constant innovation” in third-quarter results, says ceo Agust Gudmundsson.
Irish food and ingredients firm Kerry Group reported 2.2% growth in its consumer foods division in its financial update for the nine months to September 30, despite Brexit uncertainty and fluctuating currencies.
Mondelēz International reported a 1.1% increase in organic revenue to £5.2bn ($6.4bn) in its third-quarter trading update this week, despite lowering its full-year growth forecast from 2% to 1.6%.
Premium ready meals manufacturer Charlie Bigham’s has more than doubled sales revenue in two years, after posting a 35% growth in its full-year financial results to September 30 2016.
The UK’s top 150 food and soft drink manufacturers saw revenue fall last year for the first time in 15 years, due to deflation and investor uncertainty, according to a report from OC&C Strategy Consultants.
A strong start for the year at alcoholic drinks giant Diageo was fuelled by improved marketing, innovation and commercial execution, claimed ceo Ivan Menezes.
Bakkavor has posted 2% like-for-like revenue growth to £1.65bn for its financial year ended December 26 2015, boosted by a strong performance in UK fresh prepared foods.
Premier Foods’s recovery strategy is “starting to bear fruit”, according to City analyst Investec, after the manufacturer posted its first quarterly branded sales rise in two years last week.
Nomad Foods, the new owner of frozen food company Iglo Group, has reported a £392M loss in the six months to June 30 as the investment firm eyes other potential acquisitions.
Bakkavor has boosted turnover and profits for the half-year to June 27, with its international business making up for a decline in UK sales in the second quarter.
Kerry Foods has suffered losses as a result of heavy promotional activity caused by the major multiples in response to the growth of the German discounters Aldi and Lidl.
Cranswick will pump £28M into its pork manufacturing facilities to secure new US contracts and boost international sales after achieving revenues of £1bn this year, according to City analysts.
Britvic’s £114M buyout of the Brazilian soft drinks firm Ebba will provide a significant boost to turnover, the manufacturer announced after revealing third quarter (Q3) revenues up by just 1% to £322.3M.
City analysts have praised soft drinks company Britvic for its 7% growth in earnings before interest, tax and amortisation (EBITA) to £65M despite the tough market conditions and technical problems it has experienced.
Discounter Aldi and posh supermarket Waitrose have topped a new list of the UK’s top 20 fastest growing retailers, supplying further evidence of the increasing polarisation of the grocery market.
Bakkavor has boosted its UK market share for the third consecutive year, despite battling rising input costs, according to results for its fourth financial quarter (Q4).
Cranswick’s third-quarter results, boosted by strong Christmas sales, continued to buck the flat or downward trend in the UK grocery market, said City analysts.
Sandwich and pastry demand offset falling fresh pork sales for meat processor Cranswick in the first half of its financial year (H1), according to leading food industry analyst Clive Black.
Convenience food manufacturer Greencore’s latest financial results have impressed the City – with group revenue climbing by 8.2% to reach £619.8M – as the firm announced the disposal of its foodservice desserts business.
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.
Meat processor Cranwick’s fresh pork business was “the stand out performer” in the firm’s interim results for the six months to September 30, says City analyst Panmure Gordon.
Chilled convenience foods manufacturer Bakkavör has seen a 6% increase in turnover to £428.7M for the second quarter of the year in its most recent results issued for the half year to June 29.
Chilled convenience food firm Greencore is likely to see more growth from its US business than its UK operations this year, according to City analyst Investec.
UK coffee sales have proved one of the few highlights for food giant Nestlé in its first quarter (Q1) results for 2013, which failed to meet analysts' expectations.
Leading City analyst Panmure Gordon has reduced its profit growth forecast for AG Barr, after the Irn Bru manufacturer posted results for the year ended January 26.
Greencore’s latest trading results follow a successful previous year for the group against a tough trading environment. They have been welcomed as a “sound start” to the new financial year by analysts who predict “robust margins” within the group.
Chocolate manufacturer Barry Callebaut is to become the globe’s largest cocoa processor with the acquisition of the Cocoa Ingredients Division of Petra Foods, based in Singapore for $950M.
Kerry Foods has recorded a 14.8% increase in revenues in its ingredients and flavour division, largely driven by an impressive performance in the Asia-Pacific region.
Chilled food manufacturer Greencore has reported “a breakthrough year”, with revenue up 44.5% to £1,161.9M due to acquisitions and “business momentum”, for the full year to September 28 2012.
Britvic revenues dropped 2.6% to £1,256M in the wake of a £25M recall of its Fruit Shoot drink – sparked after a six-year-old boy from Essex nearly choked on a ‘spill-proof’ cap.
Soft drinks business Nichols is keeping its head “comfortably above water” in a struggling drinks category, thanks to new UK listings and a strong international performance, according to City analyst Investec.
Anglo Irish convenience food manufacturer Greencore sees “huge potential for expansion” in the US chilled food market, according to its chief financial officer Alan Williams.
