UK-based meat and seafood processor and supplier Hilton Food Group said Tuesday it expects its full-year operating profit to fall below expectations because of the challenges it's facing in its UK seafood business.
In an autumn trading statement, the group said volume and revenue are in line with the board's expectations, with continued revenue growth compared with the same period last year, but inflationary pressures are providing a headwind.
Hilton said it is working closely with UK retail customers, and has made good progress in either mitigating or passing through "the unprecedented inflationary costs" faced by the business.
