New business wins, product innovation, and favourable weather resulted in ‘another excellent quarter’ at Greencore, which lifted its full-year operating profit expectations up to £125m.
In a trading update for the year to 26 September 2025, the Dublin-headquartered manufacturer noted that its Q3 volume growth had continued into the fourth quarter, particularly in food-to-go categories like sandwiches and sushi.
Volume growth of approximately 3% over the year helped bolster an 8% increase in revenue, with Greencore revealing that it was now expecting to report FY25 turnover of around £1.95bn.
Highlighted as a strong contributor to this growth was the launch of 130 new products during Q4, among them a range of hot and cold food-to-go products for a new store format.
Greencore also had a focus on cost management – including reducing waste and ensuring effective use of labour at sites – help drive profit conversion ahead of prior expectations for the quarter. This allowed it to further upgrade its full-year profit guidance up to £125m from its previously stated range of £118m-£121m.
Its FY25 results are planned to be filed on 18 November.
“We had another excellent quarter in Q4, which rounded out an exceptional year,” commented Greencore CEO Dalton Philips.
“Our focus in the new financial year remains on producing high-quality, fresh food for consumers across the UK. We look forward to completing the Bakkavor transaction, subject to regulatory approval, and remain excited about the potential of combining two great UK food businesses, enhancing our product offering for our customers and UK consumers,” Philips added.
In July, the Competition and Markets Authority launched an enquiry into Greencore’s proposed £1.2bn acquisition of food-to-go rival Bakkavor, with a deadline for its Phase 1 decision set for 27 October. The deal is expected to become effective in early 2026.
Bakkavor’s most recent financial report for the 26 weeks to 28 June 2025 had its adjusted operating profit increasing by 9.8% to £61.5m, leaving its full-year profits expectations towards the upper end of the £120m-£126m range.
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