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Premier Foods (PFD) investor relations material
Premier Foods Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Branded sales grew 1.2% year-over-year, with strong performance in sweet treats and new categories, partially offset by weather-impacted grocery brands.
Sweet Treats branded sales surged 11.4% on volume-led growth and successful innovation.
Grocery branded sales declined 2% year-over-year due to strong comparatives and warm UK weather.
International sales increased 5% at constant currency, with notable gains in Australia and Canada.
Trading profit expectations for the full year remain unchanged, reflecting confidence in the business model.
Financial highlights
Group revenue for Q1 was £240.0m, up 0.3% year-over-year.
Branded sales totaled £216.5m, up 1.2%; non-branded sales fell 7.8% to £23.5m.
Sweet Treats revenue was £65.3m, up 9.1%; Grocery revenue was £174.7m, down 2.7%.
Non-branded grocery sales fell 9.3% year-over-year due to contract exits and consumer switching to branded products.
New categories delivered 38% sales growth, driven by product innovation and expanded distribution.
Outlook and guidance
Trading profit expectations for the full year are unchanged, with anticipated double-digit international growth weighted to the second half.
Branded revenue growth is expected to accelerate as the year progresses, supported by new product launches and easing comparatives.
Strong innovation pipeline and new product launches expected to support growth in upcoming quarters.
Ongoing cost efficiency programs underpin profit guidance.
Non-branded sales expected to flatten out in the second half as contract exits normalize.
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