Shares in Northern Foods, the UK group behind Goodfella’s pizza and Fox’s biscuits, fell this morning (1 June) after the company booked flat annual sales and earnings.
The company reported a 0.5% rise in underlying pre-tax profits to GBP39.2m (US$56.8m) on a 0.2% increase in revenue to GBP977m.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
However, Northern said underlying revenue, a “key measure” that excludes factors including the impact of foreign exchange, M&A and discontinued operations, rose 1%.
“Northern Foods has traded solidly in challenging market conditions,” said chief executive Stefan Barden.
Shares in Northern were down 1.6% at 47.5p at 09:07 BST this morning.
Click here for the full earnings release from Northern and click here for coverage of the company’s conference call with City analysts.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
