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9 months ago
BRIEF-Premier Foods says Q2 sales fall 5.4 pct
October 12, 2016 / 6:31 AM / 9 months ago

BRIEF-Premier Foods says Q2 sales fall 5.4 pct

1 Min Read

Oct 12 (Reuters) - Premier Foods Plc :

* Q2 trading update

* Q2 sales fell 5.4 percent to 172.5 million stg

* In Q2 of year, total group sales were £172.5m, a 5.4 pct decline on prior year

* Group's profit expectations for full year remain unchanged due to careful management of costs

* Grocery sales were 9.5 pct lower than prior year in quarter

* Sweet treats demonstrated accelerating momentum, reporting a sixth consecutive quarter of growth at 6.4 pct

* Sales growth in second half of FY16/17 is expected to be weighted to Q4 and in range of 2-4 pct Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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