Greencore Profit Forecast Raised After Strong Q3 Growth

Company sees continued demand for convenience food, innovation, and solid volume performance

Greencore profit forecast has been lifted following a robust third-quarter performance that showcased rising revenue and strong volume growth.

The food-to-go leader reported a 9.9% rise in Q3 revenue, reaching £511.1 million. Warmer weather and high demand for convenience meals drove the growth.

Strong Product Performance and Innovation Drive Growth

Greencore outpaced the overall grocery market, with a 3.6% increase in manufactured volume and 1.9% underlying volume growth.

The company launched 168 new products in Q3, including summer poke bowls and a strawberry and crème sandwich, showing ongoing innovation.

Sandwiches, sushi, and ready meals led the growth, further supporting the Greencore profit forecast upgrade for the year.

Leadership Confident as Company Heads Into Key Q4

CEO Dalton Philips praised the team’s strong delivery, highlighting the continued push to build momentum through the busy final quarter.

Greencore now expects adjusted operating profit between £118 million and £121 million, up from previous estimates of £114 million to £117 million.

This revised Greencore profit forecast reflects confidence in the business despite ongoing inflation pressures in labor and protein costs.

Future Outlook Strengthened by Proposed Acquisition

Greencore continues to progress with its planned acquisition of chilled food competitor Bakkavor, which recently secured shareholder approval.

If regulators approve, the deal will close in early 2026, adding further scale to Greencore’s growing market share.

This move would strengthen Greencore’s hold on the convenience food segment and provide new opportunities across retail and foodservice.

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