UK group Greencore has raised its profit forecast for the year after a “strong” quarter helped by the weather and new contracts.
Greencore said its revenue was “particularly strong” in the 13 weeks to 27 June, the company’s third quarter.
Revenue increased 9.9% to £511.1m ($691.8m) supported by “favourable summer weather” and “new business wins”.
As a result, Greencore has upgraded its adjusted operating profit forecast for the full year to £118m-121m ($159m-$163m) from a projection of £114-117m.
Greencore reported its volume growth was “encouraging across most categories” in the third quarter, especially in sandwiches, sushi and ready meals.
Overall manufactured volume grew 3.6% and underlying volume growth was 1.9%, ahead of the wider grocery market growth of 0.7%, the company added.
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By GlobalDataThe news comes as Greencore is awaiting UK competition clearance for its proposed £1.2bn ($1.63bn) acquisition of fellow UK convenience-food manufacturer Bakkavor Group.
Greencore CEO Dalton Philips said: “The Greencore team has delivered another outstanding performance in Q3, with particularly strong volume momentum, aided by favourable summer weather and new business wins.
“As we enter our seasonally important Q4, our focus remains on maintaining momentum in our business.
He added: “We look forward to completing the value-creating acquisition of Bakkavor in early 2026, subject to regulatory approval, and will continue to update on progress in due course.”
