In a trading update for the six months to 1 July released this morning, Premier Foods said that in its convenience foods, pickles, sauces and meat free division, sales were anticipated to be significantly ahead of last year because of its acquisitions last year of Quorn and Cauldron.
It added that Quorn had seen double digit sales growth, driven by increased advertising and the launch of new products. Other brands doing well were Branston Baked Beans and Ambrosia.
Premier Foods also said that trading remained in line with expectation and that like-for-like sales growth would be in line with its targets.
Robert Schofield, chief executive officer of Premier Foods, said: “The first half of 2006 has reflected the continued success of our strategy of growing branded sales with Quorn, Branston, Loyd Grossman and Ambrosia all continuing to grow strongly.”
He added: “Cost pressures remain an issue but we are confident the resilience of our business will continue to enable us to offset these pressures.”