Greencore Group (GNC) Q4 2026 TU earnings summary

Executive summary

• Strong Q4 finish, with volume growth ahead of the market, profit momentum and positive cash generation; FY26 Adjusted Operating Profit guidance raised again.

• FY27 priorities: high-quality innovative fresh food, customer delivery and integration progress across the enlarged business.

Financial highlights

• Q4 pro forma revenue rose 4.5% to £1,036m; FY26 pro forma revenue grew 3.6% to £3,378m.

• Underlying profit momentum exceeded expectations, supported by volume growth and continued margin improvement from excellence and cost-efficiency programmes.

• Positive cashflow and strong cash management supported balance-sheet strengthening.

Outlook and guidance

• FY26 Adjusted Operating Profit for continuing UK operations expected at ~£248m, above consensus of £238m and prior guidance of £234m-£242m.

• Q1 FY27 trading started positively, with Q4 volume momentum continuing; outlook confidence reflects resilience in core-category demand despite macro uncertainty.

• Cross-selling secured 75bp of annualised revenue growth, or ~£30m, across salads, ready meals, dips and breads, launching in Q2-Q3 FY27.

• FY26 results scheduled for 1 December 2026, with further detail planned on performance, integration and capital allocation framework.