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Fresh Del Monte Produce Inc. Message Board

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  • LeonMusa LeonMusa Jul 6, 2004 8:50 AM Flag

    Listen here old boy

    Geest continues to see growth in its core business of UK fresh prepared foods with the most recent consumer data for the 12 weeks to 25 May showing market growth, at retail prices, of 7%. In the comparable period, Geest has achieved like-for-like sales growth at manufacturers� selling prices of 6%. The trading performances of the Company�s retail customers are clearly diverging and this is becoming more marked as 2004 progresses, which, in turn, is likely to affect the rate of sales growth for Geest in the second half. As the Company indicated at its recent AGM, trading conditions in UK fresh prepared foods were likely to remain difficult, particularly for certain Geest customers.

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