Latest news with #MrKipling
Times
16-05-2025
- Business
- Times
Premier Foods revenues up 3.5% at £1.14bn for last 12 months
Demand for premium-branded products helped the maker of kitchen staples such as Mr Kipling cakes and Bird's custard to deliver higher sales and profits last year. Premier Foods said headline revenues were £1.14 billion for the 12 months to March 29, up 3.5 per cent on the year before. Sales were buoyed by a 5.2 per cent increase in revenues across its branded business. Branded revenues in the group's sweet treats division, which includes Mr Kipling and licensed Cadbury products, saw revenues grow by 7.3 per cent to £233.8 million. Sales of Mr Kipling's Signature Collection premium ranges were particularly strong, with Premier Foods recording a 78 per cent jump in sales of its brownie bites, while revenues doubled for its 'best ever' mince pies.
Powys County Times
15-05-2025
- Business
- Powys County Times
Premier Foods reveals rising profits amid stronger Mr Kipling sales
Mr Kipling maker Premier Foods has revealed stronger-than-expected profits as sales of sweet snacks increased. The group said it benefited from strong shopper demand for its premium branded products despite pressure of consumers finances. Premier Foods, which also owns Ambrosia and Bisto, reported that overall revenues grew by 3.5% to £1.15 billion for the year to March 29, compared with a year earlier. It said this was buoyed by a 5.2% rise in all revenues across its branded business. The group's branded sweet treats business, which includes Mr Kipling and licenced Cadbury products, saw revenues grow by 7.3% for the period. Sales of Mr Kipling's Signature premium ranges were particularly strong, with the group highlighting a 78% jump in sales of its brownie bites while its 'best ever' mince pies saw revenues double. The company's separate grocery arm, which includes Batchelors and Sharwoods, saw branded revenues grow by 4.5% for the year. However, the company saw a slump in revenues from its non-branded division after it left the frozen pizza base market and shut its Leicestershire factory last year, which had 57 workers. Premier Foods also hailed strong performances from recently acquired brands The Spice Tailor and Fuel10K. The business told shareholders that trading profits grew by 6% to £187.7 million, ahead of market expectations. Alex Whitehouse, chief executive officer, said: 'The business has delivered another strong year, with branded revenue growth up 5.2%, exceeding £1 billion, and driven by particularly good volumes which resulted in us taking further market share. 'With this strong branded performance, trading profit grew 6% compared to last year, exceeding our previously raised expectations. 'Our premiumisation strategy continues to be highly relevant, reflecting the trend for consumers to trade up and treat themselves to ranges such as our Ambrosia Deluxe and Mr Kipling Signature Bites, both of which delivered very strong revenue growth this year.'
Rhyl Journal
15-05-2025
- Business
- Rhyl Journal
Premier Foods reveals rising profits amid stronger Mr Kipling sales
The group said it benefited from strong shopper demand for its premium branded products despite pressure of consumers finances. Premier Foods, which also owns Ambrosia and Bisto, reported that overall revenues grew by 3.5% to £1.15 billion for the year to March 29, compared with a year earlier. It said this was buoyed by a 5.2% rise in all revenues across its branded business. The group's branded sweet treats business, which includes Mr Kipling and licenced Cadbury products, saw revenues grow by 7.3% for the period. Sales of Mr Kipling's Signature premium ranges were particularly strong, with the group highlighting a 78% jump in sales of its brownie bites while its 'best ever' mince pies saw revenues double. The company's separate grocery arm, which includes Batchelors and Sharwoods, saw branded revenues grow by 4.5% for the year. However, the company saw a slump in revenues from its non-branded division after it left the frozen pizza base market and shut its Leicestershire factory last year, which had 57 workers. Premier Foods also hailed strong performances from recently acquired brands The Spice Tailor and Fuel10K. The business told shareholders that trading profits grew by 6% to £187.7 million, ahead of market expectations. Alex Whitehouse, chief executive officer, said: 'The business has delivered another strong year, with branded revenue growth up 5.2%, exceeding £1 billion, and driven by particularly good volumes which resulted in us taking further market share. 'With this strong branded performance, trading profit grew 6% compared to last year, exceeding our previously raised expectations. 'Our premiumisation strategy continues to be highly relevant, reflecting the trend for consumers to trade up and treat themselves to ranges such as our Ambrosia Deluxe and Mr Kipling Signature Bites, both of which delivered very strong revenue growth this year.' However, shares in the business were flat at 199.6p on Thursday morning.
Glasgow Times
15-05-2025
- Business
- Glasgow Times
Premier Foods reveals rising profits amid stronger Mr Kipling sales
The group said it benefited from strong shopper demand for its premium branded products despite pressure of consumers finances. Premier Foods, which also owns Ambrosia and Bisto, reported that overall revenues grew by 3.5% to £1.15 billion for the year to March 29, compared with a year earlier. It said this was buoyed by a 5.2% rise in all revenues across its branded business. Premier Foods also owns brands including Ambrosia and Sharwoods (Premier Foods/PA(Premier Foods/PA) The group's branded sweet treats business, which includes Mr Kipling and licenced Cadbury products, saw revenues grow by 7.3% for the period. Sales of Mr Kipling's Signature premium ranges were particularly strong, with the group highlighting a 78% jump in sales of its brownie bites while its 'best ever' mince pies saw revenues double. The company's separate grocery arm, which includes Batchelors and Sharwoods, saw branded revenues grow by 4.5% for the year. However, the company saw a slump in revenues from its non-branded division after it left the frozen pizza base market and shut its Leicestershire factory last year, which had 57 workers. Premier Foods also hailed strong performances from recently acquired brands The Spice Tailor and Fuel10K. The business told shareholders that trading profits grew by 6% to £187.7 million, ahead of market expectations. Alex Whitehouse, chief executive officer, said: 'The business has delivered another strong year, with branded revenue growth up 5.2%, exceeding £1 billion, and driven by particularly good volumes which resulted in us taking further market share. 'With this strong branded performance, trading profit grew 6% compared to last year, exceeding our previously raised expectations. 'Our premiumisation strategy continues to be highly relevant, reflecting the trend for consumers to trade up and treat themselves to ranges such as our Ambrosia Deluxe and Mr Kipling Signature Bites, both of which delivered very strong revenue growth this year.' However, shares in the business were flat at 199.6p on Thursday morning.
Western Telegraph
15-05-2025
- Business
- Western Telegraph
Premier Foods reveals rising profits amid stronger Mr Kipling sales
The group said it benefited from strong shopper demand for its premium branded products despite pressure of consumers finances. Premier Foods, which also owns Ambrosia and Bisto, reported that overall revenues grew by 3.5% to £1.15 billion for the year to March 29, compared with a year earlier. It said this was buoyed by a 5.2% rise in all revenues across its branded business. Premier Foods also owns brands including Ambrosia and Sharwoods (Premier Foods/PA(Premier Foods/PA) The group's branded sweet treats business, which includes Mr Kipling and licenced Cadbury products, saw revenues grow by 7.3% for the period. Sales of Mr Kipling's Signature premium ranges were particularly strong, with the group highlighting a 78% jump in sales of its brownie bites while its 'best ever' mince pies saw revenues double. The company's separate grocery arm, which includes Batchelors and Sharwoods, saw branded revenues grow by 4.5% for the year. However, the company saw a slump in revenues from its non-branded division after it left the frozen pizza base market and shut its Leicestershire factory last year, which had 57 workers. Premier Foods also hailed strong performances from recently acquired brands The Spice Tailor and Fuel10K. The business told shareholders that trading profits grew by 6% to £187.7 million, ahead of market expectations. Alex Whitehouse, chief executive officer, said: 'The business has delivered another strong year, with branded revenue growth up 5.2%, exceeding £1 billion, and driven by particularly good volumes which resulted in us taking further market share. 'With this strong branded performance, trading profit grew 6% compared to last year, exceeding our previously raised expectations. 'Our premiumisation strategy continues to be highly relevant, reflecting the trend for consumers to trade up and treat themselves to ranges such as our Ambrosia Deluxe and Mr Kipling Signature Bites, both of which delivered very strong revenue growth this year.' However, shares in the business were flat at 199.6p on Thursday morning.
