Greencore delivers ‘strong financial and operational performance in Q3’
Greencore delivered a strong financial and operational performance in Q3 FY25, maintaining an outstanding operational service level of 99.3%
Print23 July 2025
Greencore, a leading manufacturer of convenience foods in the UK, recently issued its trading update for the third quarter.
According to its latest financial report, Greencore delivered a strong financial and operational performance in its third quarter 2025, partnering closely with customers and maintaining an outstanding operational service level of 99.3%.
Revenue momentum continued from the half year and was particularly strong in Q3, with revenue increasing 9.9% to £511.1 million, supported by ;favourable summer weather and new business wins’.
This was driven by an increase in total volumes and a mix of 6.8% and the positive impact of inflation recovery of 3.1%.
Volume growth
Overall manufactured volume grew 3.6% in Q3 and underlying volume growth was 1.9% (excluding new business wins), ahead of the wider grocery market growth of 0.7%.
Volume growth was ‘encouraging’ across most categories, particularly in sandwiches, sushi, and ready meals.
Greencore continued to invest in product innovation during the quarter to support this growth, launching 168 new products in time for the peak summer season.
These products included a Japanese-inspired strawberry and creme sandwich and a range of poke bowls.
‘Driving efficiencies’
Operational excellence initiatives remained an important contributor to driving efficiencies, including ongoing best practice deployment focused on standardisation and waste reduction, and the rollout of manufacturing automation, it said.
Greencore noted that it has continued to invest for the future, with the Making Business Easier transformation further modernising the technology, data, and processes of the Group.
Profit conversion during Q3 ‘was ahead of management’s expectations, driven by strong volume momentum and disciplined cost management through the Group’s excellence initiatives’.
While Greencore highlighted that it remains cautious around the uncertain UK economic environment, alongside continued inflationary pressures, particularly in protein and labour, the Group now anticipates FY25 Adjusted Operating Profit will be in a range of £118-121m, ahead of previous guidance.
The Group ‘continues to progress with the proposed acquisition of Bakkavor Group plc and was pleased to receive approval for the transaction from both Greencore and Bakkavor shareholders in early July’.
Greencore added that it continues to expect completion of the transaction in early 2026, subject to regulatory approval, notably from the Competition & Markets Authority in the UK.
Read more: CCPC conducts unannounced inspections of multiple retail outlets across Ireland
© 2025, ShelfLife by Peter Murphy
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