Greencore Posts 'Resilient' Performance In Q1, Despite New Lockdowns
Convenience foods manufacturer Greencore said that it put in a 'resilient' performance in the first quarter of its financial year (to 25 December), despite the re-introduction of lockdowns in its core UK market.
The business saw group revenue down 15.0% in the period, to £312.7 million, with its food-to-go categories down 21.7% year-on-year. Other convenience categories were down 2.1%.
On a month-by-month basis, November saw the biggest decline in pro forma revenue in the quarter, with group sales down 17% and food-to-go categories down 24%. In December, group sales were down 14% and food-to-go down 20%.
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