Greencore Delivers Strong Q1 and Completes Bakkavor Deal to Build UK Convenience Food Leader

Greencore ( (GB:GNC) ) has shared an announcement.

Greencore reported a solid start to its 2026 financial year, with first‑quarter standalone revenue up 5.4% to £499.8m, supported by 0.5% manufactured volume growth that outpaced the wider grocery market and by strong demand for premium and innovative convenience ranges, particularly sandwiches and sushi. Operational performance remained robust with service levels above 99% over the key Christmas trading period and ongoing efficiency programmes encompassing more than 700 projects to support profit conversion, while the recently completed acquisition of Bakkavor on 16 January 2026 positions the enlarged group as the UK’s leading convenience food manufacturer, broadening its category reach, innovation capabilities and scale as it works through a staged integration and targets at least £80m in annual cost synergies, with trading currently in line with board expectations despite a cautious UK consumer backdrop.

The most recent analyst rating on (GB:GNC) stock is a Buy with a £312.00 price target. To see the full list of analyst forecasts on Greencore stock, see the GB:GNC Stock Forecast page.

Spark’s Take on GB:GNC Stock

According to Spark, TipRanks’ AI Analyst, GB:GNC is a Outperform.

Greencore’s overall stock score is driven by its strong earnings call performance, indicating robust profitability and strategic growth initiatives. Financial performance is solid, with stable revenue growth and profitability margins. Technical analysis shows moderate bullish momentum, while valuation suggests the stock is fairly priced. The absence of significant corporate events further supports a stable outlook.

To see Spark’s full report on GB:GNC stock, click here.

More about Greencore

Greencore Group is the UK’s leading convenience food manufacturer, supplying all major UK supermarkets, convenience and travel retailers, discounters, coffee shops, foodservice providers and other retailers with around 3,200 products spanning sandwiches, salads, sushi, ready meals, pizzas and breads, chilled soups and sauces, quiche, ambient sauces and pickles, frozen Yorkshire puddings, dips and desserts. The group also operates as a national manufacturer of fresh meals for US grocery retailers from facilities in California, Texas and North Carolina, and, headquartered in Dublin, generated about £4 billion in revenue in FY25 with a workforce of roughly 28,000 people.

Average Trading Volume: 2,066,239

Technical Sentiment Signal: Buy

Current Market Cap: £2.21B

Learn more about GNC stock on TipRanks’ Stock Analysis page.