# UK retail and food manufacturing profit trends

> Live situation record from CLSTR: https://clstr.news/situations/uk-retail-and-food-manufacturing-profit-trends
> Updated: 2026-10-13T07:42:24.000Z. Sources: 6. Developments: 2.

Major UK-based companies in the retail and food manufacturing sectors have reported strong financial performance, leading to upward revisions in profit guidance.

Next, a retailer, raised its full-year profit guidance to £1,255 million following a 9.0% rise in group sales and a 10.5% increase in profit before tax. While analysts provided mixed ratings, the company noted that potential upcoming tax rises could impact future growth.

Greencore Group, a convenience food manufacturer, also raised its full-year adjusted operating profit guidance for the second time, projecting approximately £248 million. This follows a strong fourth quarter where pro forma revenue rose 4.5%. The company attributed its growth to manufactured volumes and synergies from its acquisition of Bakkavor.

## Timeline

### 2026-10-13: Greencore Group raises profit guidance following strong quarterly performance

Greencore Group has raised its UK profit guidance to approximately £248 million following strong volume growth and improved margins, prompting several analyst price target upgrades.

2 sources. https://clstr.news/cluster/greencore-group-raises-profit-guidance-following-strong-quarterly-performance

### 2026-09-17: Next raises full-year profit guidance to £1,255m

Next has raised its full-year profit guidance to £1,255 million following strong sales and cost savings, though the retailer warned that potential tax rises could stifle future growth.

6 sources. https://clstr.news/cluster/next-raises-profit-guidance-following-strong-half-year-results

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Cite as: UK retail and food manufacturing profit trends. CLSTR, https://clstr.news/situations/uk-retail-and-food-manufacturing-profit-trends