Hilton Foods has recorded a robust third quarter, aligning with its full-year expectations due to strong performance in its core meat and convenience range.
The food and drink manufacturer has confirmed that its third-quarter performance was consistent with the board’s outlook. This period of stability is attributed to the sustained expectations in its seafood business and a notable growth in its core meat volumes.
Within the European market, Hilton Foods has seen exceptional performance from both its core meat ranges and its convenience meals. Meanwhile, the company is actively implementing a recovery plan for its brand Dalco, focusing on the vegan and vegetarian segments.
The company’s confidence in meeting its full-year guidance is bolstered by what it describes as a ‘strong financial position’. This sentiment was echoed by Hilton Foods Group Chief Executive Steve Murrells, who acknowledged the progress made over the quarter. He emphasised the strength of their quality products in maintaining strong customer relationships and expressed optimism about their targets for international growth.
Murrells stated, ‘In the final quarter of the year, we remain confident in delivering our full-year expectations, and I would like to thank all our teams around the world who continue to deliver for our customer partners.’
The strategic focus on core products has positioned Hilton Foods well to achieve its expected financial outcomes, reflecting solid execution and market position.
