Salem Radio Network News Saturday, May 21, 2022

Business

UK’s Premier Foods sees annual earnings above expectations

(Reuters) – Premier Foods expects its full-year profits to come in above market expectations, as its trademark Mr Kipling brand delivered its best-ever Christmas sales after consumers splurged during the festive season.

The company said it expects its trading profit to be at least 145 million pounds ($197.58 million) for the fiscal year ending April, ahead of analysts’ average estimate of 140.7 million pounds, according to a company-compiled consensus.

($1 = 0.7339 pounds)

(Reporting by Muhammed Husain in Bengaluru; editing by Milla Nissi)

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