The maker of family meals manufacturers Oxo, Bisto, Mr Kipling, Ambrosia and Angel Delight stated it has no plans to extend costs this 12 months.
Premier Foods made the announcement regardless of newest official figures exhibiting meals inflation stood at 17.3% in June.
Overall, inflation has handed its peak, the corporate chief government stated.
“We believe the recent period of significant input cost inflation is now past its peak and have no further price increases planned for the rest of 2023,” Alex Whitehouse stated.
The feedback shaped a part of Premier Food’s first quarter buying and selling replace which stated income from Mr Kipling merchandise elevated by 3.6% from exercise commemorating the King’s coronation benefitting and new product launches.
It expects revenue for the total 12 months to be within the area of £162m to £165.4m, regardless of the official fee of inflation being 7.9%.
As consumers turned to grocery store personal model items, Premier Foods noticed a 38.3% enhance in non-branded gross sales, in comparison with the 12 months earlier than.
The enhance was even larger within the candy treats class. In that vary non-branded gross sales had been up 86.2%.
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The firm additionally stated it has “strong plans behind our leading brands” for the remainder of the 12 months.
Overall gross sales within the group rose 21% within the 13 week quarter as much as 1 July, up from the identical time-frame a 12 months in the past.
Premier Foods is among the UK’s largest meals makers, additionally producing Bird’s Custard, Sharwood’s and Batchelors merchandise.
Sales of the favored manufacturers owned by Premier Foods had been additionally up 17.5% than a 12 months in the past.
Source: information.sky.com”