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Greencore ( (GB:GNC) ) has issued an update.
Greencore Group PLC reported a strong performance for the first quarter of FY25, with revenue increasing by 7.5% to £474.3 million. This growth was driven by a combination of volume increases and price adjustments, alongside successful new business acquisitions. The company launched 102 new products during the festive season, achieving a 99.3% service level, and continued to innovate with new offerings. Despite challenges from increased labor costs due to UK policy changes, Greencore remains committed to offsetting these through operational improvements and technology investments. The company is poised to maintain its growth momentum and aims to meet market expectations for the full fiscal year.
More about Greencore
Greencore Group PLC is a leading manufacturer of convenience foods in the UK, focusing primarily on food-to-go and other convenience categories. The company is known for its innovative product offerings and has a strong market presence in the UK convenience food sector.
YTD Price Performance: -4.45%
Average Trading Volume: 1,586,590
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £796.1M
See more insights into GNC stock on TipRanks’ Stock Analysis page.
