Premier Foods expects sales, profit to beat expectations this year

(Reuters) - Mr Kipling cakes maker Premier Foods Plc said on Wednesday it expected revenue and trading profit for the new year to exceed current estimates, encouraged by around 20% sales jump in the first-quarter on stockpiling during the coronavirus lockdown across the UK.The company said adjusted pretax profit rose 6% to 93.3 million pounds for the year ended March 28, but added that consumers' eating habits might change as lockdown measures ease over the coming weeks.