Warburton added: “Over the past 12 months we have further cemented our position as not only Britain’s favourite baker, but as the largest British grocery brand in the UK.
Increasingly competitive landscape
"By focusing on meeting consumer needs and providing the best quality products and services we have been able to maintain differentiation in an increasingly competitive landscape," he said.
Meanwhile the baker could face strike action after failing to agree a pay deal with the Bakers Food and Allied Workers Union (BFAWU).
The union found out last week that Warburtons was not planning to move on a 2% pay offer, a local union representative told FoodManufacture.co.uk.
This pay rise had already been rejected by a 95% majority by BFAWU members among its Warburtons' employees, he said.
A ballot for strike action would be the next step, and that could be set to take place next month.
Attributing the results to the restructuring of its bakery operations, Jonathan Warburton, chairman and chief executive, said they were“satisfactory in a challenging environment”.
