date:Jun 23, 2014
Food manufacturer Premier Foods has cut its forecasts for annual sales of its key brands due to the subdued FMCG market.
The company had previously issued forecasts of sales growth of 2 to 3% of its power brands, including Ambrosia, Batchelors and Mr Kipling.
Premier has now abandoned the forecast following a weak outlook for second quarter sales.
The manufacturers total sales fell 6.2% for it first quarter to 186.3 million.
The latest predictions will account for the second consecutive sale