17th May 2016 - 09:30
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Abstract
Premier Foods has today revealed that full year group sales increased by 0.6% in its preliminary results for the 52 weeks ended April 2nd 2016.
Trading was in line with last year at £131 million and adjusted profit before tax increased 2.9 million to £86.1 million.
Gavin Darby, chief executive officer, said: “We are very pleased to report sales growth both in the year and the fourth quarter in what continues to be a deflationary market.
“Our strategy of investing behind our brands and bringing new innovative products to market continues to deliver very positive results, with six of our major brands growing on average +3.4% in the year.”
Sales growth guidance for the 2016/27 financial year raised to 2-4%.