Published by Global Banking & Finance Review®
Posted on October 8, 2025
2 min readLast updated: January 21, 2026
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Greencore raises its profit forecast again due to high demand for food-to-go products and a strategic acquisition, surpassing market expectations.
(Corrects first paragraph to say the group is Irish, not British; removes reference to UK in headline)
(Reuters) -Irish convenience food producer Greencore raised its annual profit forecast on Wednesday for the second time in less than three months, boosted by strong demand for sandwiches and sushi and tight cost-control measures.
Greencore aims to expand its business through a planned 1.2-billion-pound ($1.61 billion) acquisition of UK peer Bakkavor, in addition to more food-to-go product launches and contracts with supermarkets.
The deal, announced in May, is expected to close next year subject to regulatory approval. Britain's competition watchdog is likely to disclose the outcome of its phase 1 investigation into the deal later this month.
Greencore, which supplies convenience food to all major supermarkets in Britain, now expects an adjusted operating profit of about 125 million pounds ($167.40 million), up from its previous forecast of between 118 million pounds and 121 million pounds.
The revised figure surpassed market expectations of between 119.5 million pounds and 121.8 million pounds, according to a company-compiled consensus.
Revenue for the year is expected to come in at 1.95 billion pounds, up nearly 8% from 2024.
($1 = 0.7467 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-Phillips)
Adjusted operating profit refers to a company's earnings before interest and taxes, adjusted for certain non-recurring items. It provides a clearer picture of ongoing operational performance.
Demand in economics refers to the quantity of a product or service that consumers are willing and able to purchase at various prices over a given period.
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control. It can enhance market share and operational capabilities.
Cost-control measures are strategies implemented by businesses to manage and reduce expenses. These can include budgeting, monitoring spending, and optimizing operational efficiency.
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