date:Aug 14, 2012
Bread sales
In its interim management statement published last week (August 7), Premier said the bread market was improving in value terms, despite a volume decline of 1.8%.
Bakery sales were down 7.6% in the three-month period ended September 30, with Hovisdown 6.2% driven by intense competition.
The statement said:Hovis volumes declined 13.5% and margins suffered as a result of higher promotional activity, industry-wide pricing pressure and customer mix.