Preliminary Q4 2022 Premier Foods PLC Earnings Call Transcript

May 18, 2022 / 08:00AM GMT
Alexander Whitehouse - Premier Foods plc - CEO & Director

Good morning, everybody, and welcome to Premier Foods full year results, and that's for the 52 weeks that ended on the 2nd of April this year. As always, I'm joined by our CFO, Duncan Leggett. I'll just give us an overview of where we are, then Duncan will take us through the numbers in detail, and I'll come back and take us through progress against our five strategic pillars.

I'm pleased to say that the year ended really well for us, and we had a strong finish to the year. You might remember that in our quarter 3 update, we increased our profit guidance for the year, and I'm pleased to say that we actually came in ahead of that.

So looking at the headline numbers, and we're comparing for one last time against 1 year ago and 2 years ago. So our revenue performance against that 2-year measure, 6.3% growth overall. But really encouragingly 9.7% branded growth as our brands continue to perform really strongly. Down, of course, against the prior year, and that's the effect of the COVID benefit that's in the base when all the

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