Premier Foods (PFD) Q1 2027 TU earnings summary

Executive summary

• Branded sales/revenue grew 4% year-over-year, outpacing the market and increasing market share, led by Sweet Treats and Mr Kipling.

• Group sales/revenue rose 2.7% (reported) and 2.8% (constant currency), with UK branded sales up 3.8%.

• New categories revenue increased 16%, led by Cape Herb & Spice and FUEL10K.

• Acquired brands (The Spice Tailor, FUEL10K, Merchant Gourmet) all delivered double-digit sales/revenue growth.

• International sales/revenue up 6% at constant currency, with strong growth in Europe, North America, and Australasia.

Financial highlights

• Group branded revenue: £225.1m, up 4.1% year-over-year at constant currency.

• Group total revenue: £246.4m, up 2.8% year-over-year at constant currency.

• Grocery branded sales/revenue increased 3%–3.2% year-over-year.

• Sweet Treats branded sales/revenue rose 6.6%, with Mr Kipling up over 9%.

• Non-branded revenue declined 9.1% year-over-year, mainly due to planned contract exits.

Outlook and guidance

• Trading profit expectations for the financial year are unchanged, with consensus range of £209.4m–£213.7m.

• Continued focus on branded growth, innovation, and international expansion.

• Medium-term goal to build the business through the five-pillar strategy.