Premier Foods (PFD)

Sector:

Food

Index:

FTSE Small Cap

27.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 43.00p
  • 52 Week Low: 18.46p
  • Currency: UK Pounds
  • Shares Issued: 848.21m
  • Volume: 1,957,151
  • Market Cap: £229.02m
  • RiskGrade: 405

Mr Kipling boosts sales at Premier Foods

By Michele Maatouk

Date: Friday 17 Jan 2020

LONDON (ShareCast) - (Sharecast News) - A strong performance from the Mr Kipling brand helped to boost sales at Premier Foods over the Christmas period.
The company, which also owns Bisto gravy and Ambrosia custard, said group sales over the 13 weeks to 28 December rose 2.6%, with sales in the third quarter to date up 2.5%. Mr Kipling sales grew 10% in the third quarter.

Premier Foods said it had outperformed the market, with share gains in seven out of eight major brands.

Chief executive officer Alex Whitehouse said: "Our UK business has now delivered 10 consecutive quarters of revenue growth and has consistently outperformed the market. Our biggest brand, Mr. Kipling, has again been instrumental to this continuing momentum, with increased sales of 10% supported by TV advertising and new product ranges.

"Our more seasonally focused brands grew by over 5% in the quarter and in 2019 we sold over 200 million mince pies, 7% more than 2018."

The company backed its profit expectations for the full year and said it remains on track to meet its target of 3.0x net debt/EBITDA by March 2020.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Premier Foods Market Data

Currency UK Pounds
Share Price 27.00p
Change Today 2.00p
% Change 8.00 %
52 Week High 43.00p
52 Week Low 18.46p
Volume 1,957,151
Shares Issued 848.21m
Market Cap £229.02m
RiskGrade 405

Premier Foods Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.87% above the market average65.87% above the market average65.87% above the market average65.87% above the market average65.87% above the market average
72.41% above the sector average72.41% above the sector average72.41% above the sector average72.41% above the sector average72.41% above the sector average
Price Trend
12.59% above the market average12.59% above the market average12.59% above the market average12.59% above the market average12.59% above the market average
17.24% above the sector average17.24% above the sector average17.24% above the sector average17.24% above the sector average17.24% above the sector average
Income Not Available
Growth
11.01% below the market average11.01% below the market average11.01% below the market average11.01% below the market average11.01% below the market average
26.67% above the sector average26.67% above the sector average26.67% above the sector average26.67% above the sector average26.67% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Premier Foods Dividends

No dividends found

Trades for 03-Apr-2020

Time Volume / Share Price
17:08 25,000 @ 27.00p
16:35 65,700 @ 27.00p
16:29 592 @ 26.75p
16:29 196 @ 26.45p
16:29 125 @ 26.45p

Premier Foods Key Personnel

CEO Alex Whitehouse
CFO Duncan Leggett

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