Northern Foods today (18 July) told the company’s shareholders that the UK group’s performance is line with the company’s expectations.
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Northern Foods, which produces brands including Goodfella’s pizza and Fox’s biscuits, said underlying sales rose by 2.6% during the company’s first quarter to 30 June.
Sales of the company’s chilled products rose over 5% thanks to stronger sales of ready meals, which offset a decline in sandwiches and salads. Northern Foods’ frozen business grew sales by 1.1%.
The company’s bakery business has suffered with sales down 2.6%.
“Trading conditions have remained challenging and the management of increases in commodity prices remains a key focus,” Northern Foods chairman Anthony Hobson told the company’s AGM.
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By GlobalData“Although we have still much to do, we are making progress in realising the potential of
the business.”
