Profit Warnings 

Greencore fails to break US

Greencore fails to break US

Greencore (GNC) has learned the perils of over-reaching the hard way. The food-to-go maker bought fellow convenience food business Peacock in December 2016 to beef up its US presence. However, demand has not matched up to the 2.5m square feet of American manufacturing space acquired, forcing management to restructure the US business. That means full-year earnings are also expected to slip.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now