Greencore raises full-year profit outlook after strong Q3 boost

Greencore warehouse
FinanceNewsSuppliers

Greencore has lifted its full-year profit outlook after posting a 9.9% jump in third-quarter revenue to £511.1m, buoyed by warm weather and a boom in demand for its convenience food ranges.

The UK food-to-go giant outpaced the wider grocery market, with overall manufactured volume growth of 3.6% and underlying volumes up 1.9%. It added that growth was particularly strong in sandwiches, sushi and ready meals.

In Q3 alone, Greencore launched 168 new products, including summer-inspired poke bowls and a strawberry and crème sandwich, as part of its continued push on innovation.


Subscribe to Grocery Gazette for free

Sign up here to get the latest grocery and food news each morning


CEO Dalton Philips said: “The Greencore team has delivered another outstanding performance… Our focus remains on maintaining momentum in our business as we enter our seasonally-important Q4.”

The group now expects to deliver adjusted operating profit between £118m and £121m for FY25, up from previous guidance of £114m to £117m. The upgrade comes despite inflationary pressures in areas such as labour and protein.

Greencore also said it continues to make progress with its proposed acquisition of chilled food rival Bakkavor, following recent shareholder approval. Completion is expected in early 2026, subject to regulatory clearance.

FinanceNewsSuppliers

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

Greencore raises full-year profit outlook after strong Q3 boost

Greencore warehouse

Greencore has lifted its full-year profit outlook after posting a 9.9% jump in third-quarter revenue to £511.1m, buoyed by warm weather and a boom in demand for its convenience food ranges.

The UK food-to-go giant outpaced the wider grocery market, with overall manufactured volume growth of 3.6% and underlying volumes up 1.9%. It added that growth was particularly strong in sandwiches, sushi and ready meals.

In Q3 alone, Greencore launched 168 new products, including summer-inspired poke bowls and a strawberry and crème sandwich, as part of its continued push on innovation.


Subscribe to Grocery Gazette for free

Sign up here to get the latest grocery and food news each morning


CEO Dalton Philips said: “The Greencore team has delivered another outstanding performance… Our focus remains on maintaining momentum in our business as we enter our seasonally-important Q4.”

The group now expects to deliver adjusted operating profit between £118m and £121m for FY25, up from previous guidance of £114m to £117m. The upgrade comes despite inflationary pressures in areas such as labour and protein.

Greencore also said it continues to make progress with its proposed acquisition of chilled food rival Bakkavor, following recent shareholder approval. Completion is expected in early 2026, subject to regulatory clearance.

FinanceNewsSuppliers

Social

SUBSCRIBE TO OUR DAILY NEWSLETTER

  • This field is for validation purposes and should be left unchanged.

Most Read

FinanceNewsSuppliers

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

RELATED STORIES

Most Read

Latest Feature

Menu

Please enter the verification code sent to your email: