Farmfoods news

23 May 2022
Farmfoods’ recently filed accounts at Company House showed it saw a slight contraction in revenues on its performance in 2020. Revenues up 32% on two-year basis… The accounts showed Farmfoods generated revenue of £872.5m in its financial year ending 1 January 2022, a decline of 2.2% on 2020’s figure. However, the retailer’s revenue in 2021 was up 32% on a two-year basis, underlining how it ...
11 May 2020
Frozen food specialist Farmfood's latest results submitted to Companies House for the 52 week period ending 28 December 2019, show a slight increase in sales, but fall in profits. Small sales growth and declining profit Sales +0.7% to £711m from £705m in 2018 Operating profits -13% to £10.8m from £12.4m in 2018 The retailer has over 300 stores. It has not stated whether any store...
10 May 2019
New accounts submitted to Companies House show that Farmfoods has increased its turnover for the 52 weeks ending 29 December 2018. Growth in a tough climate Farmfoods has seen its first increase in turnover since 2014. The Cumberland frozen food specialist, which operates over 300 stores has reported a 2.8% increase in turnover to £660.3m. Despite the positive performance the retailer has s...
10 September 2018
New accounts submitted to Companies House show that Farmfoods experienced lower turnover for the 52 weeks ending 30 December 2017. Continuing decline in sales The Cumbernauld based frozen food specialist, which operates over 300 stores through Britain, reported a 4.0% decline in turnover to £642.7m. This is the third year running that sales at Farmfoods have declined, with sales having fall...
07 September 2017
Latest accounts submitted to Companies House show that Farmfoods, the Scotland-based frozen food retailer saw sales fall for the second year in a row in 2016.  Turnover reported for the 52 weeks to 31 December 2016 was £669.2m, 3.8% down on 2015. Operating profit down 87% Operating profit for 2016 fell sharply on the year down to £10.2m from £19.0m previously.  This reduced the operating ma...
24 August 2016
Frozen food retailer Farmfoods has submitted its 2015 accounts for the 52 weeks ending 2 January 2016, revealing a negative performance that reflects a tough year. Sales drop over £100m year-on-year Sales for 2015 came in at £694m, down 14.5% on the previous year's sales of £812m. This significant drop in sales indicates a tough year, following two prior years of double digit growth. Addres...
21 October 2014
The latest 12 week data release from Kantar Worldpanel to 12 October 2014, shows GB grocery market growth remains sluggish, on just 0.4%.  The latest measure of inflation shows prices falling by 0.2%, indicating that while the market is struggling for value growth, the volume uplift is slightly stronger.  Amongst the leading four retailers it is again only Asda that sustained positive growth over ...
06 October 2014
As Heron Foods reports a successful year, we look at key drivers of growth, plans for further expansion and how its competitor set is evolving. Acquisition boosts turnover Frozen food specialist Heron Foods has reported £250m turnover for 2013, up 28% on 2012. The company has had excellent sales growth in the year, boosted by the acquisition of 54 Cooltrader stores and strong like-for-like ...
29 July 2014
The latest 12 week market share data from Kantar Worldpanel, for the period to 20 July 2014, shows that GB grocery retail growth remains sluggish.  The Total Grocers measure is up just 0.9% year-on-year, the slowest rate of uplift seen in a decade.  A focus on price-cutting amongst the major retailers, responding to the discount challenge, is helping to keep inflation low and the Kantar measure of...
09 June 2014
Farmfoods has released its 2013 results for the 52 weeks ended 28th December 2013 showing double-digit loss in re-tax profit but healthy sales. Farmfoods struggles in tough market The frozen food retailer's results show signs of a difficult year and director David Roberts admits that 'market conditions were tough'. Turnover improved significantly from £595.1m in 2012 to £721.4m in 2013, an i...