Greencore posts strong Q3 results, raises outlook

Greencore
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Food manufacturer Greencore has reported strong third-quarter results, with total group revenue increasing by 3.2 per cent to £1.02bn in the 13 weeks which ended on 26 June 2026.

The business delivered an overall strong performance with volume growth ahead of the market expectations and strong underlying profit momentum.

Greencore’s manufactured volume growth increased to 0.7 per cent, boosted by the broader portfolio of the wider business.

In particular, there was a strong performance across quiche, bread, sushi and chilled dips during the period.

During the period the brand pushed towards innovation to contribute to growth, with 375 new products launched.

Moving forward, the food manufacturer has raised its adjusted operating profit expectations to be in the range of between £234 and £242m.


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Dalton Philips, Greencore CEO, said: “The Greencore team has delivered another strong performance in Q3, with volume growing ahead of the market and excellent underlying profit growth, even against a robust Q3 last year.

“We continue to deliver for our customers, supporting them through the busy summer period and helping them drive growth through product innovation.

“Customers want to grow their business with us, our integration is fully on track, and we have made a fast start on synergy delivery.”

Greencore acquired Bakkavor at the beginning of the year, leading to one of the biggest convenience food suppliers’ mergers.

According to the business, the integration of Bakkavor has continued to make strong progress, and the companies have been operating as a combined business since April.

Greencore expects the Bakkavor acquisition to drive value in the fourth quarter and forecasted a minimum of £80m in annual cost synergies.

Additionally, the business has continued to explore the potential sale of its business within the US, which was treated as a discounted operation.

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Greencore posts strong Q3 results, raises outlook

Greencore

Food manufacturer Greencore has reported strong third-quarter results, with total group revenue increasing by 3.2 per cent to £1.02bn in the 13 weeks which ended on 26 June 2026.

The business delivered an overall strong performance with volume growth ahead of the market expectations and strong underlying profit momentum.

Greencore’s manufactured volume growth increased to 0.7 per cent, boosted by the broader portfolio of the wider business.

In particular, there was a strong performance across quiche, bread, sushi and chilled dips during the period.

During the period the brand pushed towards innovation to contribute to growth, with 375 new products launched.

Moving forward, the food manufacturer has raised its adjusted operating profit expectations to be in the range of between £234 and £242m.


Subscribe to Grocery Gazette for free

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


Dalton Philips, Greencore CEO, said: “The Greencore team has delivered another strong performance in Q3, with volume growing ahead of the market and excellent underlying profit growth, even against a robust Q3 last year.

“We continue to deliver for our customers, supporting them through the busy summer period and helping them drive growth through product innovation.

“Customers want to grow their business with us, our integration is fully on track, and we have made a fast start on synergy delivery.”

Greencore acquired Bakkavor at the beginning of the year, leading to one of the biggest convenience food suppliers’ mergers.

According to the business, the integration of Bakkavor has continued to make strong progress, and the companies have been operating as a combined business since April.

Greencore expects the Bakkavor acquisition to drive value in the fourth quarter and forecasted a minimum of £80m in annual cost synergies.

Additionally, the business has continued to explore the potential sale of its business within the US, which was treated as a discounted operation.

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