Greencore (GB:GNC) has released an update.
Greencore Group PLC, a prominent UK convenience food manufacturer, has reported strong financial and operational performance in its Q3 update, with a notable customer service level of 99.4% and a year-on-year increase in like-for-like revenue by 1.4%. The company has successfully improved profit conversion through strategic commercial and operational initiatives, and anticipates an upgraded full-year Adjusted Operating Profit of £88-90m, surpassing previous estimates and market expectations. Additionally, Greencore is progressing with a £30 million share buyback and plans to reinstate dividends for the full fiscal year.
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