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Warm weather hits gravy, soup demand at Premier Foods

Premier Foods said today that warmer weather kept shoppers away from gravy, stock, and soup in the first quarter, leading to only a marginal rise in revenue and sending its shares down 6%.

Business • 17 Jul

Mr Kipling-maker Premier Foods said it had a strong Christmas period

Premier Foods posts 6% rise in annual trading profit

Premier Foods has beaten annual profit expectations, helped by year-round growth in sales of its Mr Kipling and Nissin brands, and laid down plans for potential price hikes.

Business • 15 May

Premier's products include Mr Kipling mince pies and Bisto Best meat-free gravy

Premier Foods sees upbeat annual profit on strong sales

British food producer Premier Foods has forecast its annual profit at the upper end of analysts' expectations, following robust sales of its branded products during the key Christmas season.

Business • 21 Jan

The maker of Mr Kipling cakes posted £157.9m adjusted profit before tax for the year ended March 30, a 15.1% jump from a same time last year

Mr Kipling maker Premier Foods' profit trounces forecast

Premier Foods has today beaten market expectations for full-year profit, supported by robust growth in its grocery business, and said it was on track to meet projections for the current year.

Business • 16 May 24

Mr Kipling maker Premier Foods said it was on track to deliver its profit expectations for the full year

Premier Foods' sales jumps on strong Christmas demand

Britain's Premier Foods has today reported a 14.4% jump in third-quarter sales, citing strong festive demand for its products ranging from Mr Kipling 'Best Ever' signature mince pies to Bisto Best meat-free gravy.

Business • 23 Jan 24

The Mr Kipling maker expects 2023-24 trading profit to be 10% ahead of last year's £157.5m

Mr Kipling maker Premier Foods raises profit forecast

Britain's Premier Foods has today forecast higher annual profit after first-half earnings rose on the back of strong performance of its sweet treats and grocery segments.

Business • 16 Nov 23

The maker of Mr Kipling cakes posted a 13% jump in adjusted profit before tax for the year ended April 1 to £137.2m

Premier Foods raises dividend as profit beats forecast

Premier Foods said today it does not expect further prices hikes in fiscal 2024 after it posted a beat in profit for 2023 aided by price increases and cost-cutting measures.

Business • 18 May 23

Premier Foods owns the Mr Kipling cakes and OXO cube brands

Premier Foods raises annual profit outlook

Premier Foods has today increased its annual profit outlook, as its grocery business witnesses strong demand and performance of its sweet treats segment improves in the fourth quarter.

Business • 07 Mar 23

Premier Foods plans to shut UK manufacturing site

Premier Foods has today reported a rise in its third-quarter sales, thanks to robust demand for its cakes and grocery products as well as new product launches.

Business • 19 Jan 23

Premier Foods said adjusted profit before tax rose nearly 12% to £47m in the six months ended October 1

Premier Foods posts higher half-year adjusted profit

Premier Foods has today reported a rise in half-yearly adjusted profit on strong demand for its cakes and grocery products, while flagging further price pressures amid surging inflation.

Business • 16 Nov 22

Premier Foods to hike prices to tackle inflation

Premier Foods, the maker of Mr Kipling cakes and OXO cubes, said today it will raise prices of its products as part of plans to tackle rising input cost inflation, after reporting an annual profit that surpassed its forecast.

Business • 18 May 22

Premier Foods makes Mr Kipling and Cadbury cakes as well as Bisto and Oxo stock cubes

Premier ramps up supply chain spend ahead of Christmas

Premier Foods, the maker of Mr Kipling and Cadbury cakes, plans to spend most of its earnings from the first half of the year on its supply chain, with the UK battling a shortage of food items as it comes out of the pandemic.

Business • 16 Nov 21

UK industry leaders have warned of gaps on shop shelves this summer and a collapse of supply chains due to a truck driver shortage

Food group's call to relieve UK lorry driver crisis

Premier Foods, one of Britain's biggest food companies, has called on the UK government to consider using the army to distribute goods to help relieve a severe shortage of truck drivers.

Business • 02 Jul 21

More consumers used Premier Foods' Oxo stock cubes and Bisto gravy while cooking at home during Covid-19 lockdowns.

Premier Foods serves up a dividend after 13 years

Premier Foods has restored its dividend after 13 years as more consumers used its Oxo stock cubes and Bisto gravy while cooking at home during lockdowns, helping its annual revenue and profit beat market expectations.

Business • 19 May 21

Premier Foods has today reported a 9% rise in third quarter sales

Premier Foods sees higher annual profit

Premier Foods, the maker of Bisto gravy and OXO cubes, said today that it expects higher full-year profit after online sales jumped 90% in the third quarter.

Business • 19 Jan 21

Premier Foods said its pretax profit rose 28.7% to £65.8m for the 26 weeks ended September 26

Premier Foods raises outlook as lockdown drives demand

Premier Foods, the maker of Oxo stock cubes and Bisto gravy, raised its full-year trading profit outlook today and said it expects higher demand for its brands due to the recent government restrictions on eating out.

Business • 10 Nov 20

The Mr Kipling cake maker said group sales jumped 22.5% for the three months ended June 27

Premier Foods expects strong start in Q2 sales to slow

Premier Foods, the maker of Oxo stock cubes and Bisto gravy, today highlighted a strong start to its second quarter but expects this trend to slow down as people return to eating out of home with the easing of virus-led restrictions.

Business • 29 Jul 20

Mr Kipling owner Premier Foods said its adjusted pretax profit rose 6% to £93.3m for the year ended March 28

Premier Foods expects profit to beat expectations

Mr Kipling cakes maker Premier Foods said today it expected revenue and trading profit to exceed current estimates this year, encouraged by a 20% sales jump in the first-quarter on stockpiling during coronavirus lockdowns.

Business • 24 Jun 20

The coronavirus pandemic fuelled a short-term peak in Premier Foods' volumes in March

Premier Foods sees profit at top end of estimates

Mr Kipling cakes maker Premier Foods said today it expects annual trading profit to be at the top end of market expectations as the coronavirus pandemic fuelled a short-term peak in volumes in March.

Business • 20 Apr 20

Mr Kipling products saw increased sales of 10% over the key Christmas period

Mr Kipling demand pushes Premier Foods Christmas period

Bisto gravy and OXO cube maker Premier Foods said today that higher demand for its mini Mr Kipling mince pies coupled with a TV advertising push, helped sales grow 2.6% during the key Christmas period.

Business • 17 Jan 20

Premier Foods sees 10% rise in sales of Mr Kipling produce

Mr Kipling campaign boosts Premier Foods growth

Bisto gravy and OXO cube maker Premier Foods today reported higher group sales in the first-quarter as its Mr Kipling cakes and Batchelors brands benefitted from a TV advertising push.

Business • 17 Jul 19

Mr Kipling produces saw a 12% rise in revenue for the year to the end of March

Mr Kipling makeover helps boost Premier Foods profit

A relaunch of its venerable Mr Kipling cake brand helped Premier Foods to report higher annual profits today as the company seeks a new leader.

Business • 02 Sep 21

Premier Foods' shares have lost over a third of their value since McCormick abandoned its approach in April 2016

Premier Foods drops plans to sell Ambrosia brand

Mr Kipling cakes maker Premier Foods said it has decided against selling Ambrosia rice pudding and custards brand to cut debt of over £500m.

Business • 15 Feb 19

Premier Foods, the maker of Mr Kipling cakes and Bisto gravy, today maintained its profit expectations for the full year

Premier Foods CEO Gavin Darby to step down

Premier Foods chief executive Gavin Darby is stepping down, ending a tenure rocked by a shareholder revolt earlier this year to oust him following a botched takeover attempt of the British packaged food maker.

Business • 13 Nov 18

Premier Foods' CEO Gavin Darby has been under fire by some shareholders for what they perceive as a lagging share price

Premier Foods says it is open to asset sales

Premier Foods is open to selling assets at the right price, its chief executive officer said, ahead of a showdown with investors today where he could lose his job.

Business • 18 Jul 18