Premier Foods Posts Full-Year Sales Increase, Boosted By International Growth
Britain's Premier Foods on Tuesday reported a 3.6% rise in full-year sales helped by its international business and partnerships with Nissin and Mondelez.
"After a slower start in the first quarter, performance accelerated during the year as planned, with revenue in the second half up 5.3% and 7.0% higher in quarter four," Chief Executive Gavin Darby said.
The company said food sector sales demonstrated stronger trends through the year, particularly in the second half, when compared with non-food sales.
The maker of Mr Kipling cakes and Oxo stock cubes benefited from a 25%jump in international sales boosted by partnerships with noodle-maker Nissin and candy maker Mondelez.
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