Full Year Results 

Greencore bumps up the annual dividend

Greencore bumps up the annual dividend

Greencore (GNC) the convenience food producer, reported pro-forma revenue growth of 2.6 per cent, driven by an improved performance in its food-to-go business, although the reported top line contracted as a result of site disposals and exits in the period. We're normally sceptical about weather-related effects – an overworked determinant – but sales patterns in the food-to-go sector do suggest the group is vulnerable to UK weather patterns. In the first half, like-for-like sales were up 7 per cent, but decelerated in the second half to 0.3 per cent. 

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