Top story:
Bakkavor grew revenue by 4% to £2.2bn last year despite supply disruption caused by strike action at one of its major factories.
The UK performed strongest with sales up 5.2% to £1.9bn thanks to improved volumes and price rises.
Elsewhere, China and the US fell by 4.3% and 0.7% respectively, the company said in a trading update for the 52 weeks to 28 December 2024.
China’s sales fell due to the sale of its regional bakery business in April, although volumes strengthened due to a strong retail performance and new foodservice customers.
Full story: https://www.thegrocer.co.uk/news/bakkavor-revenue-grows-4-despite-strike-fueled-shortages/699852.article
Morning update:
Deliveroo saw “robust” growth in the Christmas quarter with customer spending and profitability both growing in line with guidance.
Gross-transaction-value (GTV) - the total cost of people’s baskets plus delivery fees - rose 7% to £1.97bn in the period, led by growth in the UK and Ireland which was up 9%.
Deliveroo said there were “encouraging signs” from its enhanced Plus loyalty programme and strong growth in grocery.
European discounter Pepco Group said its struggling Poundland business performed poorly in the final quarter of the year with underlying revenue down 7.3%.
Poundland’s decline was largely caused by weakness in the clothing and general merchandise segment, the group said, as well as ongoing challenging market conditions.
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