Tropicana Brands Group is “on the right path for future growth” after a tough 2024 spent cleaning up its portfolio, navigating delistings and handling rocketing orange juice costs, according to its UK&I general manager Andy Riddle.
While TBG showed solid growth in Europe, the UK&I business’s turnover dropped 4% to £168.8m in the year to 28 December 2024.
Posting overall growth of 4.4% to £269.6m, the group slightly improved its operating loss to £17.2m from £18.3m in 2023 – a loss blamed on continued separation costs from Tropicana’s demerger from Pepsi in 2021, and an expensive 2024 orange crop, according to Riddle.
“When a business is ‘carved out’, there’s a lot to work out,” said Riddle, who joined the company in July 2024.
He said the company had spent much of the year “setting up and sorting out” its systems, trimming an oversized portfolio, and understanding and absorbing the blow of delistings the company has suffered – including Tropicana from Co-op at the start of 2023.
“We needed to cut complexity and generate stronger value for the category and our customers,” Riddle said.
“We’re now really confident our core portfolio is doing that.”
While the company has still had to deal with the impacts of delistings into 2025, Riddle said he was “pleased with progress”.
“It’s safe to say our trading operating profit and cashflow is in a position to facilitate that insight-led innovation and significant support campaigns,” he said, referring to the company’s new product lines and £1.6m ad campaign landing in October 2025.
“From June 2025 we’ve been comfortable with our portfolio, and have since been adding some strong category additive innovation like Tropicana Fresh & Light, Tropicana Mini Pack, Naked Fire and Naked Protein, and Tropicana sparkling cans,” Riddle added.
“I’m pleased with our progress, and we’re now on the right path for future growth.”
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