Premier Foods plc (PFD) Q4 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.474 Welcome to Premier Foods' full year results. 00:00:02.474 -- 00:00:06.859 That's for the 52 weeks that ended on the 28th of March this year. 00:00:06.859 -- 00:00:10.344 As always, I'm here with Duncan, our CFO, and what we'll do is the usual double act. 00:00:10.344 -- 00:00:14.128 I'll take us through some highlights. Duncan can then run us through all the financials, 00:00:14.128 -- 00:00:18.454 and I'll come back and show you the progress we've made against our five-pillar growth 00:00:18.454 -- 00:00:21.055 strategy this year. 00:00:23.060 -- 00:00:26.581 At least I was hoping that's what it was going to 00:00:28.046 -- 00:00:28.446 be. 00:00:28.126 -- 00:00:32.868 Thanks. So you might remember that we had a really strong quarter three and a really 00:00:32.868 -- 00:00:37.212 strong Christmas, a really important period of time for us, of course, with some really 00:00:37.212 -- 00:00:41.397 strong second half branded growth. Well, that carried on through quarter four. 00:00:41.397 -- 00:00:46.542 Actually, quarter four branded growth in the UK was up 5.1%, and that brought 00:00:46.542 -- 00:00:49.526 the second half to 5% 00:00:49.526 -- 00:00:50.947 overall. 00:00:50.947 -- 00:00:53.270 There's a bit of phasing there from Easter. 00:00:53.270 -- 00:00:56.782 We had a really strong Easter as well. Easter falls into our quarter one. 00:00:56.782 -- 00:00:59.967 But actually the shipments go out largely in quarter four. 00:00:59.967 -- 00:01:04.754 But remember that an early cold Easter is generally good for us because that means more 00:01:04.754 -- 00:01:07.378 people are eating roast dinners and less people are getting the barbecue out. 00:01:07.378 -- 00:01:11.244 So an early cold Easter was good and that helped us as well...