Greencore first-half results feed recovery hopes

Shares in the convenience food firm had tumbled after a surprise profit warning in March, but a positive outlook for the second half of the year appears to have reassured investors

22nd May, 2018
Patrick Coveney, chief executive of Greencore

Shares in Dublin-based convenience foods firm Greencore have gained in London after the company released half-year results in which it reiterated its earnings guidance for the financial year and signalled an improved second half.

The company lowered its target for earnings per share to 14.5p-17.5p in a surprise profit warning in March which sent its shares tumbling.

The profit warning in March was mainly linked to measures to restructure its troubled US operations.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 10 months ago

The Daily Briefing

The Daily Briefing