Greencore Group Full Year 2024 Earnings: EPS Misses Expectations

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.

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