Premier Foods - Time To Tuck In?

This week’s Q3 Trading Update has lifted expectations for Premier Foods, its shares could soon break upwards.

Last Tuesday morning saw one of the UK’s largest food businesses reporting its Q3 Trading Update for the 13 weeks to 28^th December 2024 – it was really quite positive and continues to highlight the attractions of its shares.

Premier Foods (LON:PFD) stated that with a third quarter of very good volume led branded revenue growth and further market share gains, the group is now guiding Trading profit to be at the upper end of expectations for this financial year.

Looking further ahead, it expects to deliver further progress against its growth strategy, with sales trends to be more balanced between volume and price.