Premier Foods plc (PFD) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and thank you for joining the Premier Foods Q3 Trading Update. My name is Lucy, and I'll 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. It is now my pleasure to hand over to CEO Alex Whitehouse to begin. Please go ahead. Thank you very much, and good morning, everyone. Thanks for joining this, which is our Q3 Trading Update call. And that covers the 13 weeks up to the 27th of December last year. I'm also joined on the call this morning by Duncan Leggett, who's our Chief Finance Officer. I'll give a quick overview of our Q3 trading, and then we'll open the call for questions. So as always, the third quarter of our financial year is our biggest and therefore our most important quarter of the year. And I'm very pleased to say that we've had a really strong Christmas as the momentum from our brands accelerated into the third quarter, so building quickly. on the numbers we delivered in quarter two. In fact, our branded revenue grew by 5.2% in the quarter compared to last year, and we also made further good progress against all five of our strategic pillars. So given that strong performance in our key quarter, today we're raising our profit expectations for this financial year. If we now look at a few of the other headlines, total group sales increased by 4.1%, which as I mentioned just now represents and acceleration on the sales reported in quarter one and quarter two. Also very pleasing is that we have a grain-grown market share, both in grocery and sweet treats in the UK, where overall share went up by 22 basis points, and where we also gained share in Australia as well. And this demonstrates that...