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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Churchill China
Churchill China (CHH) investor relations material
Churchill China H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary7 Sep, 2026
Executive summary
Revenue for H1 2026 was £37.4m, down 2.9% year-over-year, with UK sales declining but European and US sales slightly ahead.
Profit before tax and exceptional items fell 19.4% to £2.5m, mainly due to increased distribution costs and lower UK sales.
Profit after tax decreased 26.1% to £1.7m, with basic EPS at 15.3p, down 27.1%.
Interim dividend maintained at 7.0p per share; net cash and deposits rose 51.8% to £8.5m.
Factory performance improved through automation and capital projects, with further investment planned.
Financial highlights
Revenue: £37.4m (H1 2025: £38.5m), -2.9% year-over-year.
Operating profit before exceptionals: £2.3m (H1 2025: £2.8m), -17.9%.
Profit before tax and exceptionals: £2.5m (H1 2025: £3.1m), -19.4%.
Profit after tax: £1.7m (H1 2025: £2.3m), -26.1%.
Net cash from operations: £0.8m (H1 2025: -£0.2m); net cash and deposits: £8.5m (H1 2025: £5.6m).
Outlook and guidance
Full year profitability expected to be in line with expectations, dependent on Q4 trading.
Profitability improved in Q2; operational issues from H2 2025 resolved, supporting margin confidence for H2.
Market conditions remain challenging, but the company is well positioned for future growth.
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Latest events from Churchill China
- Sales steady at £37.4m in H1 2026, with strong cash and productivity gains amid market uncertainty.CHH
H1 2026 TU - Revenue and profit fell, but cash flow and balance sheet remain strong amid ongoing investment.CHHH2 2025
- Turnover hit £76m, profit before tax met expectations, and cash rose to £10.8m.CHHH2 2025 TU
- Revenue and profit declined sharply, but cost actions and automation investments support resilience.CHHH1 2025
- Revenue down 7.8%, but profit and dividend up; outlook hinges on stronger H2 demand.CHHH1 2024
- First half 2024 trading meets expectations; interim results due 5 September 2024.CHHTrading Update
- Trading and productivity improvements support unchanged annual outlook.CHHTrading Update
- Revenue and profit declined, but strong cash, dividends, and operational resilience maintained.CHHH2 2024
Next Churchill China earnings date
H2 202612 Apr, 2027
Churchill China
Next Churchill China earnings date
H2 202612 Apr, 2027
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Frequently asked questions
Churchill China plc is a UK-based company specializing in the design, manufacture, and supply of ceramic tableware. The company provides a wide range of products, including plates, bowls, mugs, and serving accessories, primarily catering to the hospitality and foodservice sectors. Known for its durable and high-quality ceramics, Churchill China serves restaurants, hotels, and catering businesses globally. The company is headquartered in Stoke-on-Trent, United Kingdom, and its shares are listed on the London Stock Exchange.