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Ambrosia My Mini Rice and Custard Pots product recall

As a precaution, Ambrosia are recalling packs of ‘My mini’ rice and custard pots (6 x 55g) on all best before end dates between 04/2024 and 10/2024, due to the potential risk that a small piece of plastic from the packaging may be present inside the product and may create a choking hazard if consumed.

07/02/2024

Quarter 3 Trading Update for the 13 weeks ended 30 December 2023

  • Q3 Group sales up 14.4% versus prior year; Q3 Branded sales up 12.7%
  • Grocery sales up 11.9%, Sweet Treats sales up 21.3%
  • Total market share increased by 121 basis points versus prior year
  • International sales up 11%, strong performances across strategic markets
  • Sales from New Categories up 108% versus prior year
  • Strong The Spice Tailor sales in both UK and International; FUEL10K is off to a good start
  • Well on track to deliver on previously upgraded expectations for full year


23/01/2024

Premier Foods and FareShare “Win a Dinner, Give a Dinner” goes nati...

Premier Foods, one of the UK’s largest food producers, is launching its biggest ever “Win a Dinner, Give a Dinner” promotion in support of food redistribution charity FareShare, as the competition expands to all major retailers across the UK.

18/01/2024

Half year results for the 26 weeks ended 30 September 2023

  • Branded revenue up +15.8%; Q2 branded revenue up +14.3%
  • Total Headline Grocery revenue up +24.6%, Sweet Treats revenue up +5.4%
  • Grocery market share increased +113bps
  • Trading profit +19.0%; margins continue to be in line with prior year
  • Increased marketing investment across all major brands, expanding Best Restaurant in Town campaign
  • Strong International progress; Mr Kipling distribution building in USA and further market share growth in Australia
  • New categories revenue increased +21% led by continued momentum of Ambrosia porridge pots
  • The Spice Tailor continues to build distribution and on track to deliver returns ahead of plan
  • FUEL10K acquisition completed early in H2, accelerating expansion into breakfast category
  • FY23/24 Trading profit now expected to be in the region of 10% ahead of prior year


16/11/2023

Acquisition of FUEL10K, accelerating expansion into Breakfast

Premier Foods today announces it has acquired FUEL10K, a vibrant Breakfast brand, with a portfolio of granola, oats and drinks products, as the Group significantly expands its presence in the Breakfast meal occasion.

Strategic Highlights:

  • FUEL10K is a differentiated, protein enriched Breakfast brand
  • On-trend proposition which attracts a predominantly young consumer demographic
  • Track record of strong double-digit revenue growth over the last three years
  • Substantially increases Group’s position in the Breakfast category, building on success of Ambrosia porridge pots
  • The Group expects to unlock significant future value through leveraging its proven branded growth model
  • FUEL10K‘s commitment to sustainability supports the Group’s purpose of Enriching Life Through Food


30/10/2023

Quarter 1 Trading Update for 13 weeks ended 1 July 2023

  • Q1 Group sales up 21.1% versus prior year, Branded sales up 17.5%
  • Further Grocery market share gains in the quarter, up another 94 basis points
  • Mr Kipling delivered record market share in Australia and continued to build further distribution in the US
  • New categories progress continues; sales of Ambrosia Porridge pots and Cape Herb & Spice more than doubled
  • FY23/24 Trading profit now expected to be at top end of market expectations


20/07/2023

Premier Foods ESG strategy reaches key milestone with independent v...

Premier Foods has announced that its 2030 decarbonisation targets have been approved by the Science Based Targets initiative (SBTi) following a rigorous validation process, meaning the food producer has some of the most ambitious targets for reducing emissions amongst UK businesses.

06/06/2023

Preliminary results for Premier Foods for the 52 weeks ending 1 Apr...

Headlines:

  • Full year Branded revenue up +9.1%; Q4 branded revenue up +15.9%
  • Total Grocery revenue up +15.3%, Sweet Treats revenue up +2.7%
  • Grocery market share increased +64bps compared to prior year
  • Trading profit +11.5%, ahead of upgraded guidance
  • Trading profit margins in line with last year as input cost inflation offset by cost savings and increased pricing
  • International revenue growth up +10% with record market share for Mr Kipling in Australia
  • New categories revenue increased +33% led by early success with Ambrosia porridge pots
  • Accelerated revenue growth of The Spice Tailor post acquisition; 12 month revenue +25%
  • Pensions cash contributions NPV reduced by c.50% to c.£125m and cash costs reduced by £6m from FY23/24
  • FY23/24 expectations for another good year unchanged


18/05/2023

This morning we released our Quarter 3 Trading Update for the 13 we...

Premier Foods today provides its Quarter 3 trading update for the thirteen weeks ended 31 December 2022

  • Q3 Group sales up 12.0% versus prior year; Q3 Branded sales up 8.8%
  • Particularly strong Grocery performance, Q3 sales up 17.4%
  • Grocery business continues to grow faster than its markets, gaining 66 basis points of value share
  • Sweet Treats Q3 sales down (0.9%)
  • International sales up 10%, another quarter of double-digit growth
  • Announcing proposed closure of loss-making, predominantly non-branded, Knighton manufacturing site
  • Well on track to deliver on FY22/23 expectations


19/01/2023

This morning we released our Half Year Results for the 26 weeks end...


Financial headlines
 

Headline measures (excluding The Spice Tailor)
  • ​Group revenue up +6.2%, Q2 revenue up +6.4%
  • Branded revenue growth up +3.9% in H1 and +3.6% in Q2
  • Trading profit1 up +6.2%, margins maintained in line with prior year
  • Adjusted profit before tax up +11.9%, adjusted earnings per share up +11.4
Statutory measures (including The Spice Tailor)
  • Group revenue up +6.6%
  • Statutory profit before tax up +37.1%
  • Basic earnings per share of 4.2p, up +68.0%
  • Combined pensions surplus of £961.8m, up +1.8% compared to 2 April 2022

Strategic & operational headlines

  • Branded growth model delivered 5.0% average UK branded revenue growth over last three years
  • Gross margins in line with last year as input cost inflation offset by cost savings and increased pricing
  • International revenue growth up +11%8 with broad based growth in target markets
  • Doubled new categories revenue through brand extensions including Rubs & Marinades, Ice-cream and Porridge
  • Completed highly complementary acquisition of The Spice Tailor
  • On track to deliver full year expectations


 

16/11/2022