Irish food group Greencore has reported a 13pc increase in revenues for the year ended September 29. Group pro forma revenue was up 13pc compared to the group’s prior financial year. Food to go categories recorded a 10pc rise in revenues across the year, while sales of other convenience categories jumped by 22pc in the period. Goodbody analyst Jason Molins wrote that Greencore has delivered a “robust” trading performance in a challenging consumer environment. “We also note that the guided range implies a [second half] outcome of £62.2m-£64.2m, which is ahead of its previous peak of around £60m achieved in [the second half of] 2018.”

Source: Irish Independent October 11, 2023 01:53 UTC