Greencore Group (LON:GNC) Full Year 2024 Results
Key Financial Results
- Revenue: UK£1.81b (down 5.6% from FY 2023).
- Net income: UK£46.3m (up 29% from FY 2023).
- Profit margin: 2.6% (up from 1.9% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: UK£0.10 (up from UK£0.072 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Greencore Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.9%.
Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Food industry in the United Kingdom.
Performance of the British Food industry.
The company's shares are up 11% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Greencore Group's balance sheet and an in-depth analysis of the company's financial position.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About LSE:GNC
Greencore Group
Manufactures and sells convenience food products in the United Kingdom and Ireland.
Solid track record with excellent balance sheet.
