Boparan Holdings, the company behind the UK’s 2 Sisters Food Group, this morning (16 March) reported a rise in underlying sales and improved profitability for the second quarter of its financial year.

The Fox’s biscuits and Goodfella’s pizza owner booked sales of GBP792m (US$1.12bn) for the 13 weeks to 30 January, down 0.6% on the corresponding period a year earlier.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

However, the group did report an increase in like-for-like sales, which inched up 0.4% to GBP800.1m. The result compared to a 2.3% fall in the first quarter of the financial year.

Boparan said its branded division – including Fox’s, Goodfella’s and Holland’s pies – saw like-for-like sales rise 4% in the quarter.

The group’s chilled business saw its like-for-likes grow 0.8%.

Boparan’s biggest division – protein – reported “broadly flat” like-for-like sales of GBP530.7m.

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.

Company Profile – free sample

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
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The business posted operating profit of GBP22.1m for the quarter, compared to an operating loss of GBP4.3m a year ago. Boparan said its operating profit is calculated pre-exceptional items and includes profits or losses on the group’s share of joint ventures.

Profit after exceptional items, before interest and tax was GBP20.3m, versus a loss of GBP7.6m a year earlier.

Retained profit after exceptional items, interest and tax stood at GBP3.1m, against GBP16.7m in the second quarter of the previous financial year.

Boparan Q2 results by division

Protein

LFL sales flat at GBP530.7m.
Operating profit of GBP7.1m vs an operating loss of GBP7.7m a year ago.

Chilled

LFL sales up 0.8% at GBP165.7m.
Operating profit of GBP3.7m vs GBP2.6m.
Relaunch of Indian meals led to “large increases” of YOY sales.

Branded

LFL sales rise 4% to GBP103.7m.
Operating profit of GBP11.3m, up sharply from GBP0.8m YOY.
Fox’s sales “growing”.
Sales of Holland’s pies “accelerated” in Q2.