Premier Foods (PFD) Q3 2026 TU earnings summary

Executive summary

• Q3, covering 13 weeks to December 27, was the largest and most important quarter, delivering strong branded revenue growth and market share gains in both the UK and Australia.

• Branded revenue grew 5.2% year-over-year, with total group sales up 4.1%, accelerating from previous quarters.

• Premium product ranges and new product innovation drove incremental sales, with consumers trading up for higher-quality offerings.

• International business resumed double-digit growth, and all recent acquisitions (The Spice Tailor, FUEL10K, Merchant Gourmet) delivered double-digit sales increases.

• Full year trading profit now expected at the upper end of market expectations, reflecting robust performance across all business segments.

Financial highlights

• Q3 Group branded revenue reached £314.8m, up 5.2% year-over-year; total group revenue was £375.1m, up 4.1%.

• Grocery branded sales rose 5.8% to £246.2m; total grocery sales up 4.6%; sweet treats branded sales up 3.1% to £68.6m.

• Non-branded grocery sales declined 7.5% due to strategic contract exits; non-branded sweet treats up 2% from contract wins.

• International revenue up 10% year-over-year, with strong performance in Australia, North America, and EMEA.

• Revenue from new categories surged 29% year-over-year, led by FUEL10K yogurt and granola.

Outlook and guidance

• Trading profit for the full year is now guided to the upper end of expectations, reflecting strong Q3 performance and improved visibility for year-end.

• Continued focus on new product launches, increased advertising, and in-store execution for Q4.

• Ongoing international expansion and new distribution agreements expected to drive further growth.

• Continued confidence in medium-term prospects, underpinned by strong brand performance and innovation.