2 sisters

2 Sisters Food Group’s sales dropped by 3.5% to £778.3m in the first quarter of its new financial year. Like-for-like sales were down 2.3% in the 13 weeks to 31 October, and operating profits fell 17.7% to £18.1m.

CEO Ranjit Singh said the results continued the progress made in the final quarter of 2014-15. He added investments totalling more than £255m were now “well under way” and would “begin to bear fruit” in the year ahead.