(Reuters) -Britain’s Premier Foods on Thursday reported a rise in first-quarter sales on the back of strong branded sales growth, and maintained its forecast for the year.
The company has seen continued growth and demand for its grocery business with more shoppers buying its brands such as Mr Kipling, Nissin and The Spice Tailor.
“We expect to see more volume-led branded sales growth in the coming quarters,” said CEO Alex Whitehouse.
Analysts, on average, are expecting trading profit for the year at 183 million pounds ($238 million) on a revenue of 1.15 billion pounds, according to a company-compiled consensus.
Premier, whose products also include Bisto Best meat-free gravy, said group sales for the first quarter ended June 29 rose 5.3% to 239.3 million pounds from the previous year.
($1 = 0.7688 pounds)
(Reporting by Shanima A in Bengaluru; Editing by Varun H K)
