Northern Foods, the UK food group, today (28 July) posted a 3.5% rise in underlying first-quarter sales as success in winning higher prices from retailers offset lower volumes.
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The company, which owns brands including Fox’s biscuits and Goodfella’s pizza, said it had secured price rises of 5.5% on average. Underlying sales volumes dipped 2% as Northern quit “unprofitable” private-label contracts in biscuits and pizza.
Chief executive Stefan Barden said: “The market environment remains challenging but we continue to invest in our brands and own-label business, and at the same time, drive greater efficiencies.”
Underlying sales from its chilled business rose 2.1% during the 13 weeks to 28 June, while its frozen business saw sales climb 3.5%. The relaunch of Fox’s boosted bakery sales, which jumped 8%.
Northern said it was mulling plans to revamp its biscuits production and revealed that it is looking at moving from having three sites to two facilities.
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