Greencore Group PLC (LSE:GNC) delivered a solid third-quarter performance for FY25, reporting a 9.9% increase in revenue to £511.1 million. The growth was supported by favorable weather conditions and new business wins, reinforcing the company’s momentum in the convenience food sector.
Operationally, Greencore achieved a 99.3% service level and introduced 168 new products during the quarter, further strengthening its market presence. Despite ongoing economic uncertainties and inflationary pressures, the company has raised its full-year guidance and now expects an adjusted operating profit between £118 million and £121 million, exceeding previous forecasts.
Greencore also provided an update on its planned acquisition of Bakkavor Group PLC. The deal, currently under regulatory review, is on track to complete in early 2026 and is expected to significantly enhance the company’s scale and capabilities in the fresh food segment.
The company’s technical indicators are strong, and the strategic Bakkavor acquisition supports a favorable long-term stock outlook. While the financial performance is solid, managing debt levels and continuing to improve profitability remain key priorities. Valuation metrics appear average, suggesting moderate appeal for investors.
About Greencore Group
Greencore Group PLC is one of the UK’s leading manufacturers of convenience foods, supplying a wide range of customers including major supermarkets, discounters, coffee shops, travel retailers, and foodservice operators. Its core product categories include sandwiches, salads, sushi, ready meals, soups, and sauces. Headquartered in Dublin, Ireland, Greencore operates 16 manufacturing facilities and 17 distribution centers across the UK. In FY24, the company generated revenues of £1.8 billion and employed approximately 13,300 people.
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