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Greencore reported a jump in full-year revenue and earnings In its preliminary results for the year to the end of September, the company said revenue was up 10.6% to £1.48bn, or 5.9% higher on a like-for-like basis, while group earnings before interest, taxes, depreciation and amortisation were up 13.9% to £138.4m.
May 17 Greencore Group Plc * H1 adjusted eps rose 7.9 percent to 8.2 pence * H1 operating profit rose 8.5 percent to 43.5 million stg * H1 revenue rose 8.1 percent to 691.6 million stg * Interim dividend up 6.3 percent to 2.55 penceper share * UK grocery retail environment has remained difficult, our business has still traded well * We are confident of further progress in months and years ahead * UK backdrop is expected to remain uncertain given changing nature of grocery industryand other potential economic headwinds Further company coverage: (Reporting By Padraic Halpin) Good news dividens are up great time to buy but I'm kinda hoping they maintain for a decent share save option price
Food group Greencore will report first-half results tomorrow, with good like-for- like growth expected. While British supermarket chains like Morrisons are struggling with the migration of consumers to discounters and convenience store formats, Greencore’s UK food-to-go business is benefiting from this migration. Goodbody Stockbrokers is thus forecasting life-for- like growth of approximately 5 per cent in Greencore’s first-half results this week.
greencore shares in 2008 they hit a high of 376.36 then they had the bottled water incident which saw them steadily fall but the shares have been rising steady ever since. So now they've started to get a foothold in the states I can see these going way beyond 376 in the future as they hit that price before having any business in the states
Revenues at London-listed convenience food group Greencore increased by 6.7 per cent to £326.4 million €412.6 million) inthe 13 weeks to June 27th, buoyed by strong growth in its convenience foods division and a buoyant “food to go” market in the UK