FDBusiness.com

Premier Foods Encounters Worsening UK Consumer Environment

 Breaking News
  • Fazer Becomes Market Leader in Gluten-free Bakery Products Fazer Group is continuing to execute its growth strategy and invest in growing product categories by acquiring Vuohelan Herkku’s bakery and mill businesses. Vuohelan Herkku is one of the forerunners...
  • C&C Group Chief Retires C&C Group, the Irish and British drinks business, has announced that Stephen Glancey has stepped down as CEO and will leave the company at the end of February. Stephen Glancey...
  • KK Foods Plans £5.5 Million Expansion KK Fine Foods, a leading frozen food manufacturer based at Deeside in Wales, is set to expand and diversify with support from the Welsh Government, creating an additional 40 new...
  • Nestlé Launches Fund to Boost Packaging Innovation Nestlé has announced that it will invest up to SFr2 billion (€1.86 billion) to lead the shift from virgin plastics to food-grade recycled plastics and to accelerate the development of...
  • Bosch Packaging Technology is Now Syntegon Syntegon Technology is the new name for Bosch Packaging Technology, following the sale of the former Bosch division. Headquartered in Waiblingen, Germany, Syntegon Technology’s business focus is on intelligent and...

Premier Foods Encounters Worsening UK Consumer Environment

Premier Foods Encounters Worsening UK Consumer Environment
October 29
14:17 2010

Premier Foods, the UK’s largest domestic food processor, has reported that the British consumer environment has become markedly tougher in the third quarter. Sales of its branded products slipped by 0.5%, despite volume growth of 4.5%, during the quarter and total group sales were down 4.2% owing to a reduction in non-branded sales, which fell by 10.4% in value and by 6.4% in volume.

The period was characterised by declines, in both volume and value, across Premier’s broad range of market categories. According to Premier, this is the first time in many years that it has encountered value decline, which reflects the volume market trend and the promotional activity across all grocery categories.

Despite the worsening category market trends, promotional intensity and commodity cost inflation, Premier still aims to make progress in the full year but the slowdown in the third quarter means this is likely to be more modest. It is also dependent upon Christmas trading, which is by far the group’s busiest sales period, accounting for 30% of the year’s sales in 2009.

About Author

colin

colin

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

[eventlist]

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements