Premier Foods plc (PFD) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and thank you for joining the Premier Foods Q1 Trading Update Analyst Conference Call. My name is Harry, and I will be your operator. All lines are currently in listen-only mode, and there will be an opportunity for Q&A after management's prepared remarks. If you would like to enter the queue for questions, release our star followed by one on your telephone keypad. And I would now like to hand the call over to Premier Foods CEO Alex Whitehouse to begin. Please go ahead. Thank you very much and good morning everyone. Thanks for joining us for our quarter one trading update call and that covers the 13 weeks up to the 28th of June this year. I'm joined on the call this morning as usual by Duncan Leggett our CFO and I'll start by giving a few headlines on our trading in the quarter and then we'll dive into a few key areas to provide a bit more detail before as usual passing to you for your questions. As a reminder, by the way, we're holding our AGM at midday today, which we'll be hosting at our offices here in St. Alden. So if any shareholders would like to attend and you don't have the details, please do contact Richard Godden in our investing relations for details of how you can attend. So on to the quarter one results then. And firstly, I'm pleased to say that we've grown our brand of sales again in quarter one. And we've also increased our market share. So branded sales were up 1.2%, and that was led by a particularly strong performance in branded sweet treats, which was partially offset by some of our grocery brands, which were held back by the unusual hot weather that we've been having. So overall, our group sales were 0.3% higher than last year. And you may recall, we're also lapping some very strong comps. One of the reminder, grocery branded sal...