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The Grocer Talking Retail

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Yoplait UK suffers major loss in 2019

Yoplait UK slumped to a £55m pre-tax loss last year as the yogurt brand was hit by declining sales – the brand blamed an “extremely competitive environment” for the sales slowdown, which also hit profitability.

Operating profit declined by 19.5% from £18.1m to £14.6m in the period, but the business was pushed into a huge £54.7m pre-tax loss by a £70m loss on the sale of its Chinese business.

Key Yoplait brand Petits Filous saw a 13.8% slump in annual sales as British consumers continued to move away from traditional yoghurt consumption.

A Yoplait UK spokesperson said: “Whilst 2019 has been a challenging year for the Yogurt category, Yoplait is focused on growth in 2020.”

Source: The Grocer Jan 6 | Competitor News