UK food manufacturer Northern Foods has reported a slight rise of 1% in first-half pre-tax profits.
Go deeper with GlobalData
The company, which makes Fox’s biscuits and Goodfella’s pizzas, posted pre-tax profit of £38.8m (US$61.7m), which was at the top end of analysts’ £38-38.7m forecasts.
With launches of its Christmas biscuit assortments and puddings having gone well, Northern Foods said it is confident of good Christmas sales.
The company makes own-label ready meals, quiches and desserts to retailers such as Marks & Spencer. Supplies to its five big customers – Asda, Marks & Spencer, Safeway, J Sainsbury and Tesco – account for nearly three-quarters of Northern Food’s sales, reported Reuters.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
