Greencore shares jump 7% as Peel Hunt backs further profit upgrades

Impact · against what's priced in

Greencore's strong Q4 volume growth and EBIT guidance of £248 million (4% above consensus) provide a positive catalyst for earnings revisions. The acceleration of manufactured volume growth to 2.1% against 0.5% market growth suggests significant market share gains.

GNC+0.60

No priced-in read yet

In context

The company is outperforming the market with 2.1% volume growth versus 0.5% market growth and has raised EBIT guidance to £248 million, beating market consensus by 4%.

Read from the article alone

• retail
• earnings
• GNC
• consumer
• convenience food
• margins
• profit upgrade
• sales growth
• synergies

Search tags