Thursday, Northern Foods Plc (NFDS.L), in its interim management statement, said it continues to trade in-line with market expectations following a solid Christmas trading performance.
The company stated that the year to date like for like sales were up 1.9%, led by good growth in Chilled and Bakery. Third-quarter like-for-like sales remained flat, reflecting the planned exit from marginal Frozen pastry contracts to enhance margins.
Northern Foods reported a 1.9% increase in year to date group underlying revenue, with volume growth of 2.7% and third-quarter group underlying revenue of up 0.1%, primarily reflecting the exit from Frozen pastry contracts to enhance margins, in line with previous guidance.
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