Premier Foods plc (PFD) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.079 So good morning everybody and welcome to Premier Foods half year results for the 26 weeks 00:00:05.079 -- 00:00:08.064 that ended on the 27th of September this year. 00:00:08.064 -- 00:00:11.970 I'm joined by our CFO Duncan Leggett and between us we'll take you through what we've 00:00:11.970 -- 00:00:16.056 been doing in the first half of the year. So I'll give a bit of an overview and Duncan 00:00:16.056 -- 00:00:19.582 can take us through the numbers and then I'll come back and give you an update on some 00:00:19.582 -- 00:00:24.938 of the progress we've been making against our five pillar strategy. 00:00:24.938 -- 00:00:29.825 So to start off then with some headlines. So we're really pleased that actually growth 00:00:29.825 -- 00:00:32.568 stepped up from our UK brands in the second quarter. 00:00:32.568 -- 00:00:37.575 So up to 3% then in Q2 and that brought half one to plus 00:00:37.575 -- 00:00:42.842 2%. And branded revenue then for the first half of the year, 453 00:00:42.842 -- 00:00:47.894 million and up just shy of 2%. Now obviously what's going on there is two 00:00:47.894 -- 00:00:52.043 interesting things. Some really strong performance from our sweet treat brands. 00:00:52.043 -- 00:00:57.154 So 9.4% growth in the first half and actually double digit for Mr Kipling which 00:00:57.154 -- 00:01:02.205 is of course our biggest brand. And then grocery, our grocery portfolio which of course 00:01:02.205 -- 00:01:05.692 was suppressed somewhat by that long hot summer that we had. 00:01:05.692 -- 00:01:09.636 What was really good to see is as the weather started to normalise, halfway through quarter 00:01:09.636 -- 00:01:13.999 two, we can see that that grocery business bounced back quite nicely, which is what's 00:01:13....