One of the UK's most prominent food producer, Premier Foods, is set to beat expectations by announcing full-year sales figures of £2.6 billion on February 16th. Although this phenomenal figure is impressive, the company has been doing consistently well for some years now, and the 2009 figures show only a 2.2% increase from the previous year's results.
Premier Foods attribute their success chiefly to the sale of branded goods, accounting for £1.7 billion of the total figure or 63 per cent. What's more, branded goods within the groceries section, which accounts for around 60 per cent of total turnover, has increased by an impressive 8%, especially in the fourth quarter. This period included Christmas and New Year, which no doubt gave sales a considerable boost.
Particular products and ranges that performed well included:
• Ambrosia desserts range
• Loyd Grossman sauces and ready-to-eat range
• Batchelor's soups
• Mr Kipling Christmas Puddings
• Hovis branded bread
The success of Premier Foods in the previous year is good news for both investors and those looking for food jobs. A successful, profitable company and all the associated high-profile brands such as Ambrosia and Hovis means there is likely to be plenty of opportunities for food jobs opening up this coming year, making it a perfect time to get on board.
Leave a comment