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Jul 24 2024, 08:41 IST/BST
Greencore Group
Q3 update – resilient trading, full year profit upgrade
- Sectors : Foods
- Companies : Greencore Group
DAVY VIEW
Greencore delivered a resilient top-line performance in the quarter, with +1.4% like-for-like (LFL) revenue growth (volumes broadly flat) against a challenging prior year comparative. Group profit conversion continued to improve year-on-year (yoy) given ongoing commercial and operational actions. Greencore is upgrading its FY24 adjusted operating profit guidance to £88-90m (previously £86-88m, consensus: £87.6m). At first blush, we envisage modest upside to our current forecasts.
