# Greencore Raises FY26 Profit Guidance Following Strong Q4 Volume Growth

- URL: https://stocks.freetheai.org/news/greencore-raises-fy26-profit-guidance-following-strong-q4-volume-growth-825c07
- Published: 2026-10-13T06:00:03Z
- Category: earnings; sentiment: bullish; impact: medium
- Symbols: [LSE:GNC](https://stocks.freetheai.org/symbols/LSE-GNC)
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Greencore Group plc (LSE:GNC) has upgraded its full-year adjusted operating profit forecast for continuing UK operations to approximately £248 million. The revised outlook surpasses both market expectations of £238 million and prior guidance of £234 million to £242 million. In the fourth quarter of fiscal 2026, pro forma revenue rose 4.5% to £1,036 million, bringing full-year pro forma revenue to £3,378 million.

The strong quarterly performance was driven by volume growth and margin improvements across chilled food categories, including salads, dips, quiche, and sandwiches. Convenience food manufactured volumes grew 2.1% in the final quarter, significantly outperforming the wider UK grocery market growth rate of 0.5%. Cost efficiency measures and integration with Bakkavor helped boost underlying profitability, alongside the launch of 167 new products during the quarter.

Looking ahead, trading in the first quarter of fiscal 2027 has started positively with continued volume momentum. The company has also secured an additional £30 million in annualised revenue through cross-selling into existing customer accounts, with product rollouts scheduled for the second and third quarters. Full financial results for the year will be published on December 1, 2026.

## Key points

- Greencore Group plc upgraded its full-year adjusted operating profit target to approximately £248 million.
- Pro forma revenue for the fourth quarter increased by 4.5% year-over-year to £1,036 million.
- Manufactured volume growth in Q4 reached 2.1%, beating wider grocery market growth of 0.5%.
- Net debt excluding lease liabilities is expected to finish the fiscal year at roughly £600 million.
- Annual results detailing integration progress and capital allocation plans will be released on December 1, 2026.

## Questions and answers

### Why did Greencore raise its full-year profit outlook?

Greencore raised its forecast due to higher food volumes outperforming the grocery market, cost efficiency gains, and strong progress integrating Bakkavor.

### What was Greencore's Q4 revenue growth?

Pro forma revenue grew 4.5% to £1,036 million in the fourth quarter, supported by a 2.1% increase in manufactured product volumes.

### When will Greencore publish its full annual financial results?

Greencore will publish its full fiscal year 2026 results on December 1, 2026.