Finance
Sandwich-maker Greencore reports higher annual profit on strong snacking demand
Published by Global Banking and Finance Review
Posted on November 18, 2025
2 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 18, 2025
2 min readLast updated: January 21, 2026
Greencore's profit increased by 28.9% due to snacking demand and new products. The company plans a £1.2 billion acquisition of Bakkavor.
By Ankita Bora
(Reuters) -Irish convenience food producer Greencore said on Tuesday it was off to a good start in the new fiscal year after its full-year profit rose on robust demand for its sandwiches, including the limited-edition strawberry and crème range.
Greencore, which supplies convenience food to all major supermarkets in Britain, has been rebuilding its business after the pandemic hit demand and aims to boost margins and sales including through acquisitions.
CEO Dalton Philips told Reuters that innovation remains a key volume driver for the company, with 20% more new products launched this year, including items such as the expanded sushi and poke bowl ranges and Japanese-inspired strawberry and crème sandwich sold at Marks & Spencer.
"We're seeing a change in consumption habits where...traditional three meals a day is declining as people are snacking more often," Philips said, noting that it was particularly evident with Gen Z and was benefiting the company, which is focussed on sandwiches and food-to-go products.
Greencore is expanding its business through its planned 1.2 billion pound ($1.58 billion) acquisition of rival Bakkavor and said on Tuesday it will sell its Bristol chilled soups and sauces site to Compleat Food Group after the competition regulator ordered the sale of Greencore's sauce business.
The Bakkavor deal is expected to close in early 2026.
Greencore posted a 28.9% rise in adjusted operating profit to 125.7 million pounds in the year ended September 26. Analysts were expecting profit of 125 million pounds, according to a company-compiled poll.
($1 = 0.7606 pounds)
($1 = 0.7604 pounds)
(Reporting by Ankita Bora in Bengaluru; Editing by Mrigank Dhaniwala)
Adjusted operating profit refers to a company's earnings before interest and taxes, adjusted for non-recurring items, providing a clearer view of operational performance.
Consumer perception is how customers view and interpret a brand or product based on their experiences, beliefs, and marketing communications.
Corporate strategy is the overall plan for a company, outlining how it will achieve its goals, manage resources, and gain competitive advantage.
Innovation in business refers to the process of developing new ideas, products, or services that improve efficiency, effectiveness, or competitive advantage.
Retail trade involves the sale of goods and services directly to consumers, typically through stores or online platforms.
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