The convenience-food manufacturer wants to be more profitable and productive with a base to yield sustainable earnings and cash-flow growth, having worked hard to mitigate and offset rising costs, the analysts say. Shore's current 2H pretax profit expectations are GBP48 million and GBP50 million for the year, in line with management guidance. "We believe that investors will also be pleased and relieved to see the retained guidance, looking thereafter to the shape and magnitude of ongoing earnings," the analysts say. "Today's update builds on the company's previous commentary of an overall robust outlook across U.S. and international [businesses]," the analysts say. (christian.moess@wsj.com)Contact: London NewsPlus, Dow Jones Newswires(END) Dow Jones NewswiresMay 30, 2023 12:02 ET (16:02 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal May 30, 2023 16:09 UTC