Convenience food producer Greencore, the company behind many supermarket meal deal sandwiches, has announced that it expects its full-year profit to surpass current market predictions, as reported by .
In a trading update released today, the company, which supplies a wide range of products including salads, sushi, snacks, ready meals, and soups to the 海角视频's major supermarkets, reported a 3.7% year-on-year increase in like-for-like revenue growth for the fourth quarter, with full-year growth also rising by 3.4%.
Greencore anticipates reporting full-year revenue of approximately £1.8 billion, following an "encouraging" fourth quarter in terms of like-for-like volume performance.
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The company's fourth-quarter profit conversion exceeded expectations, with full-year adjusted operating profit now projected to be higher than the current market forecast of between £95 million and £97 million.
Chief Executive Officer Dalton Philips commented: "The Greencore team delivered an outstanding performance with our FY24 results now expected to exceed current market expectations."
"Providing high-quality, fresh and healthy food to our customers every day is at the heart of what we do. To all our colleagues who work tirelessly to make this happen I would like to say a huge thank you."
He added: "As we enter the new financial year, our focus remains on making really great food, rebuilding our profitability, and positioning Greencore to be the 海角视频's leading convenience foods manufacturer."
"We'll share more detail at our 2024 results in early December, and will use our capital markets day in early 2025 to outline our medium-term growth strategy."
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The Dublin-headquartered company is set to host an event for analysts and institutional investors in London on 5 February, with its full-year results scheduled for release on 3 December.
Greencore, which also supplies the convenience, coffee shop, and travel retail sectors, stated that it has maintained a "strong focus on improving returns across our portfolio", including implementing operational efficiencies in areas such as waste management and among its 13,600-strong workforce.
Greencore's 海角视频 head office is in Chesterfield. It has distribution hubs across the 海角视频 from Exeter to Inverness, with manufacturing sites including those in Consett, Leeds, Selby, Crosby, Warrington and Atherstone.