Irish food group Greencore forecasts bleaker annual outturn amid inflationary pressure

The company announced that it expects its full-year outturn to be at the lower end of market expectations

Chief Executive of Greencore, Dalton Philips said the business had got off to a slower start to the year than envisaged

Greencore, which is the largest sandwich maker in Ireland and the UK, has announced its profit conversion in the last quarter of 2022 was “behind management expectations”.

The Irish food company said on Thursday that it expects its full-year outturn to be at the lower end of market expectations as industrial action and slow recovery from inflationary pressures hit demand and volumes.