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Premier Foods Reports Strong Growth, Boosts Dividend by 68%

The Mr Kipling maker achieved robust branded and international performance, supported by increased capital investment and premiumisation strategies.

Overview

  • Premier Foods' revenue grew 3.5% to £1.15 billion for the year ending March 29, 2025, driven by a 5.2% rise in branded goods revenue.
  • Adjusted profit before tax increased 8.8% to £169.3 million, while profit after tax rose 11%, prompting a 68% dividend increase to 2.8p per share.
  • Sweet Treats branded revenue, including Mr Kipling and Cadbury products, grew 7.3%, with premium ranges like Signature Bites seeing significant sales increases.
  • International revenue surged 23%, with particularly strong performance in Canada, Australia, and New Zealand.
  • Capital investment rose by 26% to enhance manufacturing efficiency and capacity, aligning with the company’s strategy to support future growth and innovation.