Food giant’s recovery is now baked into its financials

Food giant 2 Sisters has achieved its third consecutive quarter of year-on-year growth as it continues to solidify its turnaround.

The Birmingham-based manufacturer, which owns brands including Fox’s and Holland’s, had been hit by high-profile investigations into its poultry plants while it was facing significant cost pressures across its businesses.

But its turnaround strategy is delivering results, with its first quarter showing a 42% rise in EBITDA earnings and it expects this trend of earnings growth to continue.

This was achieved with like-for-like revenues edging up only slightly, by 0.6% to £662.7m.

Ronald Kers

“Turnaround outcomes are being realised and we’re seeing improved margin performance and encouraging performance in all our divisions.”

More to follow.