Greencore Reports Strong Q3 Growth, Lifts Profit Forecast for 2025
Greencore Plc (LON:GNC) announced a strong performance for its third quarter on Tuesday, with revenue growth accelerating to 9.9%, up from 6.6% in the first half of the year.
The food-to-go manufacturer attributed the improved results to new contract wins and favorable summer weather. The company also noted that 3.1% of the revenue increase came from recovering inflation-related costs.
Excluding the impact of newly secured contracts, underlying volume growth still came in at 1.9%, significantly outpacing the broader grocery sector’s 0.7% growth.
Thanks to this robust volume performance, profit margins exceeded expectations, prompting Greencore to raise its full-year 2025 operating profit guidance to a range of £118–121 million, up from the earlier £114–117 million — a midpoint increase of approximately 3–4%.
