Greencore (GB:GNC) has released an update.
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Greencore Group PLC, a leading UK convenience food manufacturer, has reported a year-on-year like-for-like (LFL) revenue growth of 3.7% in Q4, contributing to a full-year growth of 3.4% with expected revenues of around £1.8bn. Adjusted Operating Profit for FY24 is set to exceed market expectations, estimated to be between £95m-£97m, partly due to strategic improvements in operational efficiency. Alongside strong financial performance, the company has also made significant progress on its capital return programme, with an ongoing share buyback and plans to declare a FY24 dividend.
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