Mr Kipling helps drive first quarter sales increase at Premier Foods
Premier Foods PLC on Thursday reported modest sales growth in the first quarter of its financial year, led by increases at recently acquired brands and from company stalwart Mr Kipling.
St Albans, Hertfordshire-based Premier Foods is a maker of branded and non-branded food, including Mr Kipling cakes and Oxo stock cubes.
Branded revenue rose 4.0%, with total revenue up 2.7%, in the thirteen weeks ended June 27, the firm said in a trading statement.
UK branded revenue increased 3.8% led by a strong Sweet Treats performance alongside further market share gains in Grocery. New categories revenue climbed 16%, reflecting particularly good growth from Cape Herb & Spice.
International revenue increased 6% with encouraging progress in North America and Europe.
The group's largest brand, Mr Kipling, was also one of the fastest growing brands, with sales up 9% in the quarter, while in Grocery, the new OXO bone broth and Angel Delight bubble jelly ranges both performed "very well".
Acquired brands, The Spice Tailor, FUEL10K and Merchant Gourmet all delivered double-digit revenue growth, and remain on track to generate around £100 million revenue this year.
Following the "good" first quarter, Premier Foods said it remains on track to deliver trading profit expectations for this year of between £209.4 million to £213.7 million, with an average of £211.4 million.
In the 52 weeks ended March 28, 2026, Premier Foods reported trading profit of £200.4 million.
Shares in Premier Foods fell 1.8% to 195.30 pence each in London on Thursday.
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