**Greencore Group PLC Q1 Trading Update Summary (January 29, 2026)**
Greencore Group PLC, the UKs leading convenience food manufacturer, reported strong performance in its first quarter (Q1) ended December 26, 2025. Key highlights include
1. **Financial Performance**
Revenue grew by 5.4% to £499.8 million, driven by a 3.7% price and inflation recovery impact.
Volume growth outpaced the wider grocery market, with manufactured volumes up 0.5% compared to the market’s 0.2%.
Premium rangesparticularly sandwiches and sushisaw double-digit volume growth.
2. **Operational Excellence**
Launched 129 new products, including festive innovations like mince pie brioche wraps and festive cheeseboard quiches.
Achieved >99% service levels during the busy Christmas period.
Over 700 operational excellence projects are underway to drive efficiency and cost management.
3. **Bakkavor Acquisition**
Completed the acquisition of Bakkavor Group plc on January 16, 2026, creating the UK’s leading convenience food manufacturer.
Integration plans are progressing, with a focus on realizing at least £80 million in annual cost synergies.
The combined business aims to enhance innovation, scale, and efficiency for customers and stakeholders.
4. **Outlook**
The enlarged business is trading in line with expectations, despite ongoing monitoring of the uncertain UK consumer environment.
Structural tailwinds in convenience food categories remain encouraging.
Focus on executing integration plans and delivering benefits from the Bakkavor acquisition.
H1 results will be announced on May 27, 2026, providing the first combined financial update.
CEO Dalton Philips emphasized the strong Q1 performance, the strategic significance of the Bakkavor acquisition, and the Group’s commitment to driving value for customers, shareholders, and stakeholders.
**Forward-Looking Statements**The update includes forward-looking statements subject to risks and uncertainties, with no obligation to update unless required by law.
**About Greencore**Headquartered in Dublin, Greencore supplies major UK and US retailers with approximately 3,200 convenience food products, generating £4 billion in revenue in FY25 and employing 28,000 people.