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Premier Foods ( (GB:PFD) ) has shared an announcement.
Premier Foods has reported a strong third quarter, with a 3.1% increase in group sales and branded sales rising by 4.6%. The company has experienced significant growth in its Sweet Treats sector, particularly with Mr Kipling, and has seen a 29% increase in international sales. The acquired brands, The Spice Tailor and FUEL10K, have both delivered double-digit growth. With these achievements, Premier Foods anticipates its trading profit to reach the upper end of FY24/25 expectations, driven by strategic progress in international markets and new product categories.
More about Premier Foods
Premier Foods is one of the UK’s largest food businesses, employing over 4,000 people across 13 sites. The company is known for its iconic brands such as Ambrosia, Batchelors, Bisto, Loyd Grossman, Mr. Kipling, Oxo, and Sharwood’s, which are staples in millions of homes daily. Premier Foods is committed to creating products that contribute to healthy and balanced diets and nurturing communities, aligning with their purpose of ‘Enriching Life Through Food’.
YTD Price Performance: -5.01%
Average Trading Volume: 975,112
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.54B
Learn more about PFD stock on TipRanks’ Stock Analysis page.