Food, Beverage and Tobacco
Greencore is the UK's largest manufacturer of fresh convenience foods following its acquisition of Bakkavor. It supplies major supermarkets and other food retailers with sandwiches, ready meals, salads, sauces and a broad range of chilled prepared foods.
Manufacture of fresh prepared foods, sandwiches, ready meals, salads, sauces and other convenience products, together with product development, high-volume food production and retailer-specific supply programmes.
Predominantly the UK grocery and food-to-go markets, supplying major supermarket, convenience and foodservice customers. A US business is being treated as held for sale.
Retailer volumes, food innovation, customer wins, inflation recovery, manufacturing efficiency, Bakkavor integration, delivery of at least £80m of targeted annual cost synergies and successful management of leverage.
Food and labour inflation, retailer concentration, food-safety incidents, integration risk, high working-capital needs, leverage following the Bakkavor acquisition and pressure on consumer food spending.
22 July 2026: Greencore upgraded FY2026 adjusted operating-profit guidance to £234m-£242m after strong third-quarter trading. The enlarged group reported volume growth ahead of the market and said Bakkavor integration and synergy delivery were progressing well.
The FY2025 final dividend was 2.6p per share, went ex-dividend on 7 January 2026 and was paid on 5 February. No additional interim dividend was declared with the May 2026 half-year results while the enlarged group concentrates on integration and cash generation.
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