Greencore: Sales in core area fall 7.5%

GREENCORE, the world’s largest maker of sandwiches, says sales at its core convenience foods division fell 7.5% to €248 million in the four months to July 31.

Sterling’s weakness hurt the value of British sales in euro terms, but the group said it expects to deliver full year earnings per share within the 22.8 to 25 cent range expected by markets.

Bloxham Stockbrokers said the weaker tone to the statement suggests consensus forecasts for the year will drift towards the lower end of analysts’ forecasts.