New products help Warburtons rack up record sales but profits hit by rising costs
manchestereveningnews.co.ukA range of new products have helped Bolton-headquartered bakery giant Warburtons rack up the highest sales in its history. The company, which is led by the fifth generation of the Warburton family, has reported a turnover of £605.7m for its latest financial year.
Despite the record sales, Warburtons' profits were slashed by over £10m because of the war in Ukraine and the national shortage of drivers.
The new financial figures have been revealed after the Manchester Evening News reported in January this year that all Warburtons products had been removed by Waitrose from its shelves in a row over performance. Try MEN Premium for FREE by clicking here for no ads, fun puzzles and brilliant new features. The supermarket, which is part of the John Lewis Partnership, was reported to have said the crumpet maker's "performance didn’t meet expectations".
However, Warburtons said that "quality is paramount" and that it has put "an awful lot of care" into the products its bakes.
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