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Greencore Group PLC (GB:GNC)
LSE:GNC
Earnings Data
Report Date
May 27, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
1.9Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 03, 2024
|% Change Since: 2.21%
|Next Earnings Date:May 27, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a strong financial performance with significant profitability and cash flow improvements, and strategic shareholder returns. However, challenges such as a decline in reported revenue, sustainability progress, and upcoming labor cost pressures were noted. The company is positioned to mitigate these headwinds through operational excellence and innovation.Company Guidance
During the Greencore FY '24 Results Presentation, CEO Dalton Philips highlighted the company's strong financial performance, surpassing market expectations with a like-for-like revenue growth of 3.4% and volume growth of 0.5%. The company achieved an adjusted operating profit of £97.5 million, a 28% increase from the previous year, driven by operational and commercial excellence. Greencore completed a £50 million capital return to shareholders, including a £40 million buyback and a 2p per share dividend, with plans for a further £10 million buyback. The company reduced its leverage to 1x net debt to EBITDA, and improved its return on invested capital by 260 basis points to 11.5%. For FY '25, Greencore anticipates adjusted operating profit within the top half of market expectations, despite new labor cost challenges, and aims for low to mid single-digit revenue growth.Profitability and Revenue Growth
Adjusted operating profit increased by 28% to £97.5 million, with adjusted earnings per share growing 37% to 12.7p. Like-for-like revenue growth was 3.4% and volume growth was 0.5%.
Strong Cash Flow and Balance Sheet
Free cash inflow of £70.1 million, an increase of 23% compared to 2023. Leverage reduced to 1x net debt to EBITDA, at the lower end of the target range.
Shareholder Returns
Completed £50 million capital return to shareholders, including a progressive dividend policy of 2p per share and a £40 million share buyback. Announced a further £10 million in buybacks.
Operational Improvements
Gross margin improved by 310 basis points since 2022. Adjusted operating margin increased by 120 basis points to 5.4%.
Innovation and Market Outperformance
421 new margin-accretive SKUs launched, with volume growth driven by key categories like sandwiches and ready meals outperforming the market.
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GB:GNC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:GNC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 03, 2024 | 195.09p | 218.14p | +11.82% |
| May 21, 2024 | 137.91p | 163.83p | +18.79% |
| Nov 28, 2023 | 100.41p | 95.96p | -4.43% |
| May 30, 2023 | 74.99p | 78.20p | +4.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Greencore Group PLC (GB:GNC) report earnings?
Greencore Group PLC (GB:GNC) is schdueled to report earning on May 27, 2025, TBA Not Confirmed.
What is Greencore Group PLC (GB:GNC) earnings time?
Greencore Group PLC (GB:GNC) earnings time is at May 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Greencore Group PLC stock?
The P/E ratio of Greencore is N/A.
What is GB:GNC EPS forecast?
Currently, no data Available
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