Premier Foods (LSE:PFD) reported another quarter of branded sales growth, driven by continued product innovation, expanding distribution and strong demand across its grocery and sweet treats portfolio. The company said performance during the 13 weeks to 27 June 2026 keeps it firmly on track to achieve its full-year trading profit targets.
Branded portfolio delivers broad-based growth
Group branded revenue increased 4.0% during the quarter, while total revenue rose 2.7%, supported by strong performances from both the UK Grocery and Sweet Treats divisions.
Mr Kipling was the standout performer within Sweet Treats, delivering 9% sales growth as new product launches continued to attract consumers. In Grocery, established brands including OXO, Angel Delight and Ambrosia benefited from ongoing innovation and further market share gains.
Premier Foods also continued to expand into new product categories, where revenue increased 16%, helped by strong demand for Cape Herb & Spice products and wider distribution across major retailers.
International expansion supports momentum
The group’s international business also delivered another period of growth, with revenue rising 6% on a constant currency basis.
Europe recorded double-digit growth, supported by the continued rollout of the FUEL10K brand, while North America and Australasia also contributed solid performances. Recently acquired brands maintained double-digit revenue growth, highlighting the success of Premier Foods’ acquisition strategy and its ability to integrate new businesses effectively.
Management said the continued momentum across both domestic and international markets leaves the company well positioned to meet its trading profit expectations for FY26/27.
Investment outlook
Premier Foods continues to demonstrate consistent operational execution, supported by improving profitability, healthy cash generation and manageable debt levels. Ongoing innovation, successful category expansion and growing international sales provide multiple drivers for future growth.
The shares also benefit from an attractive valuation relative to earnings, while positive technical indicators suggest investor sentiment remains supportive as the company continues to build on its recent momentum.
About Premier Foods
Premier Foods is one of the UK’s largest food manufacturers, employing more than 4,000 people across 13 production sites. The company supplies retailers, wholesalers and foodservice customers with a portfolio of leading grocery and ambient food brands, including Ambrosia, Bisto, Mr Kipling, OXO and Sharwood’s. Its portfolio has also expanded through acquisitions such as The Spice Tailor, FUEL10K and Merchant Gourmet, strengthening its presence across both established and emerging food categories.
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