Premier Food sees sales jump amid pandemic
An article published by The Guardian, reveals that Premier Foods has reported a sales surge as the coronavirus lockdown drives demand for store cupboard items.
The food group said UK sales rose by about 15.1% in March, with UK sales for the three months to the end of March rising 7.3%.
Each factory worker had been given two additional days of annual leave and a £250 cash bonus.
The company added: “Volumes have started to reduce from the exceptional levels seen in March, although are still expected to continue to be higher than average patterns of demand.
“This reflects more meals being eaten at home than usual due to recent measures set out by the government, and hence increased demand for the group’s product ranges.”
It comes on the back of surging supermarket sales over the past month, as shoppers have stocked up on essentials.
Premier Foods made the announcement as it revealed a major shake-up of its pension schemes, following a year-long strategic review at the business.
It said this would involve a merger of its three separate pension schemes and would reduce the cash contributions from the group, as Premier looks to save money.
The debt-laden business has come under fire from activist investors in recent years, resulting in a leadership shake-up last year.
