McCain Foods UK, based in North Yorkshire, has posted impressive financial results, with pre-tax profits reaching £98.7 million for the year ending 30 June 2024. This represents a significant increase from £77.3 million the previous year, showcasing the company’s strong performance despite ongoing challenges. Over the same period, UK revenue rose from £692.4 million to £781.1 million, contributing to an overall group revenue increase from £712.5 million to £799.1 million.
While McCain saw a decline in revenue from its European operations, dropping from £18.6 million to £15.6 million, other global markets experienced growth. Revenue from regions outside Europe grew from £1.5 million to £2.2 million.
Despite supply chain issues and rising input costs driven by factors like increasing fuel and fertiliser prices, McCain’s North Yorkshire operations reported positive sales growth in both retail and food service sectors. The company continues to prioritise sustainability, with investments in agricultural support and efforts to manage rising energy costs for storage growers. Additionally, McCain invested in the renewal of its Scarborough facility and brand development through media advertising.
Looking ahead, McCain plans to continue driving growth through innovation, quality, and service, while maintaining a strong commitment to environmental sustainability. Although no final dividend has been proposed for the fiscal year ending 30 June 2024, an interim dividend of £8 million has been addressed.
