Premier Foods plc (PFD) Q1 2027 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome everyone to the Premier Foods quarter one trading update analyst conference call. My name is Becky and I will be your operator today. All lines will be muted throughout the presentation portion of the call with the chance for Q&A at the end. If you wish to ask a question in this time, please press start followed by one on your telephone keypad. I will now hand over to our host Alex Whitehouse to begin. Please go ahead. Thank you very much and good morning everyone. Thank you for joining this, which is our quarter one training update call and that comes 13 weeks to the 27th of June this year. As usual, I'm joined on the call this morning by Duncan Leggett, our CFO. I'll start by giving a few headlines on our training in the quarter and then we'll go into a few key areas to provide a bit more detail before as usual passing to you for questions, taking that one practice. and also as a reminder we're holding our AGM at 11 o'clock this morning which as usual we're hosting in our offices here in St Holden's so if any shareholders would like to attend and don't yet have the details please do contact Richard Cullen in Investor Relations for details of how to attend. So on to the quarter one results then. Firstly I am pleased to say that once again we've grown our branded sales ahead of the market that's up 4% and so further increased our market shares and this was led by a particularly strong performance by our branded fruit treats and with our biggest brand, Mr Kippering, delivering especially strong growth. Now overall our group sales increased by 2.7% and our UK branded sales increased by 3.8% and that was led by our strong innovation programme. So the strong branded growth is partly offset there by further right-sizing of our less profitable non-branded...