Demand for convenience foods boost Greencore sales
As a leading manufacturer of convenience food, Greencore Group is uniquely placed to benefit from the growing consumer trend for eating at home. As the number of consumers opting to stay in and eat at home has risen, Greencore Group have reported a 7 per cent increase in sales.
Greencore's half-year results showed that in the four months up to July 23rd, sales figures stood at €281.2 million. The company is also gaining more of a market share in the UK - increasing its share to 10.4 per cent last year - and is making excellent progress in the chilled ready meals market. Prices haven't risen, yet sales have been boosted by an increase in volume.
A Greencore representative has commented on the company's recent success, saying:
Greencore Group is also predicting that full year sales figures will show a strong operating profit, as the company hopes to "modestly exceed" expectations.
Greencore's half-year results showed that in the four months up to July 23rd, sales figures stood at €281.2 million. The company is also gaining more of a market share in the UK - increasing its share to 10.4 per cent last year - and is making excellent progress in the chilled ready meals market. Prices haven't risen, yet sales have been boosted by an increase in volume.
A Greencore representative has commented on the company's recent success, saying:
"As highlighted at half year the UK consumer trend of increased "at home" food consumption continues to support demand for our overall food offering,"
"Additionally, an increase in smaller convenience retail store formats is underpinning food to go volume in particular."
Greencore Group is also predicting that full year sales figures will show a strong operating profit, as the company hopes to "modestly exceed" expectations.
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