Source: www.reuters.com
1 Min Read
(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
