Premier Foods plc (PFD) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and thank you for joining the Premier Foods Q3 Trading Update Analyst Call. My name is Marie, and I will be coordinating your call today. During the presentation, you can register a question by pressing star followed by one on your telephone keypad. If you change your mind, please press star followed by two. I will now hand over to your host, Alex Whitehouse, CEO, to begin. Please go ahead. Thank you and good morning everyone. Thank you for joining this, our quarter three trading update call. That covers the 13 weeks through the 28th of December last year. I'm also joined on the call this morning by Duncan Leggett, our Chief Finance Officer. So I'll give an overview of our third quarter trading before we open the call up to your questions as usual. As you all know, quarter three is our most important quarter of the year. And so I'm pleased to say that we continue to deliver and that takes our year-to-date position to plus 5.9%. This branded revenue growth has been very much volume-led across our brand portfolio, and so, as you might remember, continues the trend we saw in the first half of the year. With this volume-led branded growth in our key third quarter behind us, we're now very pleased to be able to raise our expectations for trading profit for this financial year. Looking at a couple of other headlines, Group sales increased by 3.1% on a constant currency basis, which means that after the first three quarters, group sales are now ahead by 4%. You may recall that that's against a fairly strong comparative. At this point last year, our Q3 year-to-date sales were up 17.1%. So we relaxed this strong comparative. This further strong growth demonstrates the strength and continued relevance of our portfolio of brands. Of course, that strong brand pe...