Bakkavor sees FY guidance unchanged as revenue up 2.2%
Bakkavor Group
123.00p
16:34 24/04/24
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3.50p
Fresh food group Bakkavor said full year reported revenue rose 2.2% and 3.2% on a like-for-like basis, adding that expectations for the period remained unchanged.
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Whilst consumer confidence has continued to be weak, UK like-for-like revenue increased by 1.8%. The International business delivered good volume growth resulting in a 16% increase in like-for-like revenue.
“In the current economic climate, the board considers this to be a robust performance and confirms that expectations for the full year are unchanged,” the company said in a statement.