France's Bonduelle misses full-year revenue growth target

Bonduelle SA

01/08/2022 17:50

Aug 1 (Reuters) - French plant-based food company Bonduelle
 BOND.PA  on Monday missed its target for annual revenue growth
as income from its ready-to-eat business in the Americas
declined significantly. 
    The group, which provides canned, frozen and fresh processed
vegetables, as well as ready-to-eat dishes, reported sales of
2.89 billion euros ($2.97 billion) for its financial year that
ended on June 30, up 1.8% on a like-for-like basis but below its
own target of 3%.
    Bonduelle had said in July it expected annual growth in
revenue  to be below the previously announced guidance, citing a
wave of inflation affecting all cost components and a more
difficult than expected recovery of its fresh business in North
America.  urn:newsml:reuters.com:*:nFWN2YS419
    
    


($1 = 0.9741 euros)

 (Reporting by Diana Mandiá; Editing by Susan Fenton)
 ((diana.mandiaalvarez@thomsonreuters.com))