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.

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.