Sales fell at Boparan Holdings, parent company of 2 Sisters Food Group, during the first quarter of its new financial year, but the firm remains optimistic of the future.
Turnover for the 13 weeks to 31 October fell by 3.5% to £778.3m and operating profit for the period was 17.7% lower at £18.1m.
The company said it would drive forward greater operating efficiency and innovation across all sectors of its business, but warned the retail operating environment remained tough due to continued price deflation and “currency headwinds.”
Ranjit Singh, 2 Sisters Food Group chief executive, said he wanted to build a better business, and he highlighted its work on reducing campylobacter in chicken.
“The measures we introduced to reduce campylobacter in poultry, in conjunction with our customers, have been recognised not only by industry awards and through positive feedback from media and key stakeholders, but also by the Food Standards Agency, which pointed to ‘significant’ progress in its recent quarterly review.
“The investment in the business we announced in the last financial year is well under way. In poultry, we are already working to implement the £150m investment programme, which will revolutionise the supply chain,” he added.