Dairy Crest “traded strongly” during its third quarter, growing sales of its key brands by 11%, the company said today in its latest management statement.
Sales of Cathedral City, Country Life, St Hubert Omega 3, Clover and Frijj showed value growth of 7% across the first nine months of the financial year.
Although sales of milk to the middle ground market had reduced during the period, the impact was offset by increased sales to major supermarket customers.
Dairy Crest said it remained cautious about the economic environment for next year. But chief executive Mark Allen said the company was well positioned to meet the challenges.
“We are encouraged by the progress we have made so far this year and anticipate that we will maintain our momentum through the fourth quarter,” Allen said.
Weekly sales through milk&more, Dairy Crest’s grocery home delivery network, were close to £1m, having stood at just under £800,000 in September last year.
Dairy Crest staff deliver NPD ideas (29 January 2011)
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