Stock Take

Greencore’s view that inflation is slowing should give us food for thought

The performance of the convenience foods manufacturer is a good indicator of what will happen to the price of what we eat

Greencore is now the largest sandwich maker in Britain and Ireland

On Tuesday last week, Greencore, the Dublin-headquartered convenience foods manufacturer, issued a third-quarter trading update informing investors that the company remains on track to deliver full-year operating profits of around £70 million (€81 million) for its 2023 financial year.

The steady profit outlook from the company was not the standout detail revealed in the results. To my eye, Greencore’s comment that inflation within the food supply chain is “beginning to slow” was a far more ...