Greencore Group plc (GNCGY)
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Greencore lifts profit outlook thanks to strong quiche and sushi demand
Greencore Group PLC (LSE:GNC) has upgraded its profit guidance after stronger-than-expected trading and an early boost from its takeover of Bakkavor helped it outperform the wider market. The FTSE 250 convenience food maker said adjusted operating profit for the 2026 financial year is now expected to come in above current City forecasts, which range from £234 million to £242 million, with a consensus of £224 million.
Greencore Group plc (GNCGY) Q2 2026 Earnings Call Transcript
Greencore Group plc (GNCGY) Q2 2026 Earnings Call Transcript
Greencore Group H1 Earnings Call Highlights
Greencore Group LON: GNC said its enlarged U.K. convenience foods business delivered higher first-half revenue and profit following the acquisition of Bakkavor UK, while management said integration work is progressing without disruption to service levels or customer relationships.
Greencore backs full-year outlook after Bakkavor merger lifts profits
Greencore Group PLC (LSE:GNC) said it remains on track to meet full-year profit expectations after reporting double-digit earnings growth in its first set of results since acquiring Bakkavor. The convenience food manufacturer said pro forma adjusted operating profit rose 15.3% to £73.3 million in the six months to 27 March, while pro forma revenue increased 3.2% to £1.32 billion.
Greencore Group plc (GNCGY) Q4 2025 Earnings Call Transcript
Greencore Group plc (OTCPK:GNCGY) Q4 2025 Earnings Call November 18, 2025 3:30 AM EST Company Participants Dalton Philips - CEO & Executive Director Catherine Gubbins - CFO & Executive Director Conference Call Participants Patrick Higgins - Goodbody Stockbrokers UC, Research Division Gary Martin - Davy, Research Division Charles Hall - Peel Hunt LLP, Research Division Andrew Wade - Jefferies LLC, Research Division Clive Black - Shore Capital Group Ltd., Research Division Karel Zoete - Kepler Cheuvreux, Research Division Presentation Dalton Philips CEO & Executive Director Good morning, everybody, and thank you for joining Catherine and I for our FY '25 results presentation.
Greencore Group shares rise as interims signal positive momentum
Greencore Group PLC (LSE:GNC) moved higher on Tuesday, after reporting strong full-year results for FY25 and confirming further progress toward its recommended acquisition of Bakkavor Group PLC (LSE:BAKK). The company said revenue rose 7.7% to £1.95 billion for the year ended 26 September 2025, with adjusted operating profit climbing 28.9% to £125.7 million.
Greencore clears key hurdle in Bakkavor deal, targets early 2026 completion
Greencore said on Friday the UK competition regulator had in principle accepted its proposed remedy to secure approval for its acquisition of convenience food rival Bakkavor , with the deal now targeted to complete in early 2026.
Greencore and Bakkavor confident merger will proceed despite CMA warning
Greencore Group PLC (LSE:GNC) and Bakkavor Group PLC (LSE:BAKK) remain confident that their planned £1.2 billion merger will complete early next year, despite the UK competition regulator warning that the deal could reduce competition in the chilled sauces market. The Competition and Markets Authority (CMA) said its initial phase one review found that the takeover could result in a “substantial lessening of competition” for supermarket own-label sauces.
Too much sauce: ready meals makers Greencore and Bakkavor's merger put on pause
The merger of Greencore Group PLC (LSE:GNC) and Bakkavor Group PLC (LSE:BAKK) is being held back due to too much sauce, according to the UK Competition and Markets Authority. Announcing the conclusion of its Phase 1 decision on the merger of the two supermarket convenience food suppliers, the competition watchdog said the merger will be referred for an in-depth Phase 2 investigation unless the companies offer an acceptable solution to its concerns.
UK competition watchdog begins initial probe into Greencore-Bakkavor deal
Britain's competition regulator on Monday launched an investigation into convenience food manufacturer Greencore's acquisition of peer Bakkavor BAKK.L, setting a deadline of October 27 for a decision.
Greencore up 11% on strong trading; Bakkavor deal on track
Greencore Group PLC (LSE:GNC) shares jumped 11% in early trading on Tuesday after the UK convenience food group reported a nearly strong rise in quarterly revenue and lifted its profit outlook. Bakkavor Group PLC (LSE:BAKK) also gained 6%, with investors encouraged by the strong sector performance and progress on Greencore's planned takeover of its business.
Greencore Makes Firm $1.6 Billion Offer for Bakkavor
Both companies agreed on the terms of the deal which would create a business with a combined revenue of around $5.30 billion with 30,500 employees.
