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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.
Princes Group
Princes Group (PRN) investor relations material
Princes Group Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary10 Nov, 2026
Executive summary
9M revenue rose 10.0% YoY to £1.52bn, mainly from acquisitions; Adjusted EBITDA increased 6.4% to £116.2m.
Q3 like-for-like revenue grew 3.3%; Adjusted EBITDA rose 8.5% to £37.8m, supported by scale, synergies and cost discipline.
Full-year 2026 expectations remain achievable, with positive Q4 momentum and a medium-term Adjusted EBITDA margin target of 9%.
Financial highlights
9M revenue was £1,515.5m versus £1,377.1m in 2025; Adjusted EBITDA was £116.2m versus £109.2m.
Underlying Free Cash Flow was £88.4m, with 77% conversion; net cash reached £368.7m at 30 September 2026.
Q3 like-for-like revenue increased 3.3%; July price increases accounted for approximately 70% of Q3 top-line performance.
Outlook and guidance
Current trading remains resilient into Q4; management is confident of delivering full-year 2026 expectations despite inflation and macroeconomic uncertainty.
Progress towards a medium-term Adjusted EBITDA margin target of 9% is supported by pricing, cost management and operational efficiencies.
Full sales are secured for the 2026 Italian tomato campaign; approximately £130m incremental revenue is expected, mostly in 2027, with limited Q4 2026 contribution.
Commercial wins across categories are expected to support revenue, capacity utilisation and operational efficiencies from 2027 onwards.
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Latest events from Princes Group
- Revenue up 7% to £999.4m, EBITDA margin 7.9%, profit before tax up 62%, strong cash flow.PRN
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Next Princes Group earnings date
H2 202630 Mar, 2027
Princes Group
Next Princes Group earnings date
H2 202630 Mar, 2027
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