Greencore revenue rises in Q1, powered by 'strong' growth in food to go categories


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Convenience foods company Greencore reported a rise in revenue in the first quarter of the year, driven by 'strong' growth in food to go categories.

For the 13 weeks to 24 December 2021, revenue increased by 24.4% year-on-year to £389 million.

Supply chain and labour challenges remained elevated across the UK food industry, exacerbated by the impact of the Omicron COVID-19 variant, the company said.

'Although these challenges persist, the group continues to anticipate a FY22 outturn in line with market expectations,' it added.

'Profitability will be heavily weighted towards the seasonally important second half of the year.'

Greencore will report its H1 22 results on 24 May 2022.