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Premier Foods expects to beat FY 2021 views
Finance Finance Headlines News
Premier Foods PLC said Wednesday that it expects to exceed current revenue and trading-profit forecasts for fiscal 2021, as it benefited from strong revenue growth during the coronavirus pandemic. The U.K. food manufacturer, which owns popular U.K. brands including Mr. Kipling cakes, Ambrosia custard and Asian food brand Sharwoods, said revenue for its first quarter is set to increase around 20% on year and that demand for its grocery brands remains high, which will offset some additional operational costs across its supply chain.