Warm September hurts Premier Foods sales
Premier Foods reported weaker-than-expected second-quarter sales and lowered its full-year outlook on Wednesday, saying a warm start to autumn hurt sales of gravies and some desserts.
Shares of Premier, which had gained around 40 percent since the end of June, were down 10 percent after the results' announcement.
The maker of Bisto gravy and Ambrosia creamy rice and custards said group sales fell 5.4 percent to 172.5 million pounds in the second quarter, ended Oct. 1, leading to a 1.8 percent decline for the first half.
Sales of its gravies and stocks fell 13 percent and sales of desserts... read more
- 21:21 Ten places to go for a Christmas party in Derby
- 21:19 Staffordshire Police first force in UK to be awarded accolade for...
- 21:15 Strictly beats X Factor in ratings battle with more than 10m viewers
- 21:15 Dad's Army creator Jimmy Perry dies aged 93 after short illness
- 21:14 Tragedy as little girl who lived life with a smile dies just three...
- 21:07 Richard Cockerill praises Freddie Burns after Racing 92 win
- 21:03 Police arrest 18 Old Firm fans after Hampden derby clash
- 21:03 Richard Cockerill praises Freddie Burns after Racing 92 win
- 21:02 Is Pochettino regretting letting him go? Spurs loanee scores a belter
- 21:01 Mum of teenager viciously attacked in city centre launches appeal...
- 21:00 Saudi King, Venezuelan president discuss oil market stability
- 21:00 Greek PPC confirms two bids for stake in power grid operator ADMIE
- 21:00 Rockwell Collins buys B/E Aerospace for $62 per share
- 20:58 For AT&T, Time Warner was always on the menu
- 20:57 Dai Young praises Wasps hero Jimmy Gopperth after Toulouse late show
- 20:56 Mobile phone policy crackdown at Derby school after cyberbullying...
- 20:53 Desperate woman to auction off VIRGINITY for £325k after family...
- 20:52 Northolt armed stand-off ends as police enter house
- 20:52 Toulouse 20-20 Wasps: Nathan Hughes scores last-gasp try to rescue...
- 20:47 Battle for Mosul: 'Mad Max' suicide squads are blown to oblivion on...
- 20:43 Manchester City fan claims he never wanted Pep Guardiola following...
- 20:42 Georgie the cat escaped death by millimetres after she was shot...
- 20:35 Tributes to popular Aberystwyth father-of-three who died in Spain
- 20:35 Indonesian lorises 'saved from sale on Facebook'
- 20:34 Jose Mourinho blasts Antonio Conte for 'humiliating' celebrations...
- 20:34 Padraig Harrington returns to winning ways at Portugal Masters for...
- 20:33 Ed Balls lives to dance another day as Lesley Joseph voted...
- 20:33 Man charged with murder over body discovered in lay-by
- 20:32 Individual errors not the reason for City's slump in form, says...
- 20:30 Former West Brom striker angers supporters further with Twitter gaffe