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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.
PZ Cussons
PZ Cussons (PZC) investor relations material
PZ Cussons H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 earnings summary6 Aug, 2026
Executive summary
Achieved broad-based revenue and profit growth across all four lead markets and top 10 brands, supported by record brand investment, innovation initiatives, and early delivery of refreshed strategy.
Strengthened balance sheet with significant reduction in net debt and resumed dividend growth after four years.
Portfolio simplification and strong cash generation led to a £174m gross debt reduction over three years.
Strategic focus on core categories and lead markets, with disciplined capital allocation and portfolio simplification.
Trading to date is in line with expectations, with a positive outlook for FY27.
Financial highlights
Group revenue rose 5.4% to £541.4m, with like-for-like growth of 5.8% year-over-year.
Adjusted operating profit increased to £59.5m (up 24.5% excluding PZ Wilmar JV), with margin up 170bps to 11%.
Profit before tax increased to £50.1m from £41.1m year-over-year.
Free cash flow improved to £54.7m, and net debt reduced to £25m.
Dividend per share increased to 3.70p, the first rise in four years.
Outlook and guidance
FY 2027 outlook in line with market expectations; operating profit guidance of £58m–£61.2m.
H1/H2 profit split expected to be more balanced; no material FX impact anticipated.
Board remains mindful of macroeconomic uncertainty but expects continued underlying momentum.
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Latest events from PZ Cussons
- Upgraded FY26 profit guidance, strong revenue growth, and net debt sharply reduced.PZC
Q4 2026 TU - Q3 revenue growth remains strong, with full-year profit expected at the top end of guidance.PZCQ3 2026 TU
- Targeting double-digit shareholder returns through innovation, local brands, and Africa growth.PZCCMD 2026
- Double-digit profit growth and raised FY26 guidance driven by broad-based revenue gains.PZCH1 2026
- UK and Indonesia growth, Wilmar sale, and cost savings support improved financial outlook.PZCH2 2025
- Naira devaluation, 5% revenue growth forecast, divestments, and all resolutions passed.PZCAGM 2024
- Naira devaluation drove losses, but UK and ANZ growth support ongoing portfolio transformation.PZCH2 2024
- Revenue and profit guidance maintained despite severe Naira devaluation and portfolio changes.PZCQ4 2024 TU
- LFL revenue up 7.1% and profit guidance raised, offsetting FX headwinds and portfolio changes.PZCH1 2025
Next PZ Cussons earnings date
H1 202710 Feb, 2027
PZ Cussons
Next PZ Cussons earnings date
H1 202710 Feb, 2027
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Frequently asked questions
PZ Cussons plc manufactures, markets, and distributes a range of personal care products. The company offers skin care, hair care, and deodorant brands; grooming products for men; cosmetics and perfumery products. PZ Cussons plc was incorporated in 1884 and is headquartered in Manchester, the United Kingdom.