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The Grocer Talking Retail

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Graham’s profits boosted by Skyr NPD as liquid milk sector struggles

Graham’s the Family Dairy has reported a “solid” annual performance with profits rising nearly 70% despite the ongoing challenges of the milk sector.

Annual sales rose 4.7% to £109m, driven by “significant” NPD and innovation with the business investing a total of £5.6m last year.

Successful NPD included the launch of Graham’s Skyr Yoghurt which to date remains the company’s best-performing new product launch.

In March 2019, the dairy also expanded its high-protein range with the introduction of it’s Goodness low-calorie ice creams and flavoured cottage cheese, receiving “unprecedented” customer interest.

Source: The Grocer Nov 25 | Competitor News