logo-loader

Real Good Food enjoys strong Christmas period

Published: 07:21 02 Feb 2017 GMT

Christmas cake
The timing of higher commodity prices was unfortunate

Food ingredients business Real Good Food PLC (LON:RGD) said sales grew 8% year-on-year in the fiscal third quarter, which includes the important Christmas trading period.

The company remains confident that full year revenue and underlying earnings (EBITDA) will be in line with expectations, though the company noted it is not immune from the impact of higher commodity prices, which has been hitting margins.

The cost of butter, in particular, more than doubled in price, just ahead of the Christmas period, which in terms of timing was unfortunate.

Real Good Food has now implemented targeted price increases and expects margins to be largely restored by the start of the next financial year.

FTSE rises ahead of Easter weekend, JD Sport gains on upbeat outlook -...

The FTSE 100 gained on the final morning of this shortened Easter trading week. Festive cheer was limited though, as Thames Water confirmed shareholders would not provide it with a £500 million rescue package, prompting speculation over the London supplier’s future. On a more positive...

1 hour, 48 minutes ago