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NEWS: Q1 FOOD SALES UP 14% AT DAIRY CREST (Source: The Grocer)  

Dairy Crest has posted a double-digit rise in sales at its food division ? which includes brands such as Clover, Utterly Butterly and Cathedral City ? for the first quarter of the financial year.

According to a statement by the dairy giant, sales climbed by 14% at the dairy giant?s foods division compared to the equivalent three-month period last year.

Sales in the dairies division rose by a more modest 5% over the same period.

?Overall we have made good progress in the first few months of the year and our key brands continue to perform well,? said Dairy Crest chief executive Mark Allen.

?We have successfully implemented price increases and reduced our cost base to offset oil related commodity cost inflation. Whilst the general market conditions remain difficult, we are confident that the group is well placed to meet these challenges. Our expectations for the full year remain unchanged.?

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