Investing.com — Greencore (LON:) saw its stock rise by 10% after the company delivered another set of strong quarterly results, fueling further confidence among analysts.
The company reported an acceleration in its like-for-like sales growth for the fourth quarter, marking an improvement across almost all product categories.
LFL sales growth for the fourth quarter reached 3.4%, up from 1.4% in the third quarter, signaling robust demand across its portfolio of fresh sandwiches, salads, sushi, and ready meals.
The uplift in the fourth quarter performance was largely due to a combination of volume growth and successful cost control measures.
With the completion of its contract exits and the Trilby disposal, Greencore’s total revenue increased by 3.7%, recovering from the 6.1% decline seen in the third quarter.
Additionally, profit conversion exceeded expectations, prompting…
