Patties Foods, the manufacturers of iconic baked products such as Four’N Twenty pies has just released its annual results for the financial year ended 30 June 2012. These show positive profit growth which the company attributes to listening to consumer demand. More specifically, when consumers continued to ask for cheaper products, Patties Foods has responded with value-for-money food choices that stem from innovation and investment in new technologies. Patties Foods Limited (PFL) is a leading... ...Read more »

ASX-listed food company, Patties Food Limited, whose products include Australia’s iconic pie brands Four’n Twenty and Herbert Adams, announced a positive set of results for the half year ended on December 31, 2011. For the fifth consecutive half, Patties Food reported financial growth, with an 11.1% increase of Net Profit after Tax (NPAT) to $10.8 million for the half-year. It reported an 11.3% increase in earnings before interest and tax (EBIT) to $17.7 million. Managing Director, Mr. Greg Bourke,... ...Read more »

Patties Foods has announced that it has signed an agreement with Retail Food Group, owner of the Brumby’s bakery franchise, to supply savoury pastry products to outlets across Australia. MD of Patties Foods Ltd, Greg Bourke, said the supply agreement with Retail Food Group is in line with Patties strategy to grow its Out of Home market, capitalising on the investment in production capacity at the company’s Bairnsdale baking facility over recent years. Patties has also supplied savoury... ...Read more »

Patties Foods has announced plants to donate a full day’s production worth of its iconic Four’N Twenty pies – 138,000 pies in total – to Australia’s largest hunger relief organization, Foodbank. More than 70 Patties staff and management are volunteering their time to produce the pies for Foodbank at Patties Foods state-of-the-art bakery at Bairnsdale, in Victoria’s East, on Saturday 18 June. All of Patties Foods’ suppliers, from ingredients through to packaging and transport... ...Read more »

Patties Foods has announced a new addition to its Four’N Twenty Hungry Man range, the Cheese & Bacon Sausage Roll. The product features Four’N Twenty’s traditional recipe with a blend of bacon, herbs and spices, encased in pastry, and layered with cheddar cheese. The 280g ‘massive-sized’ sausage roll is more than double the size of the Four’N Twenty King Size, and will be marketed to men with a view to capturing the bigger-is-better appeal. “The Hungry Man concept... ...Read more »

Patties Foods is experiencing strong demand in the foodservice market for the single-wrap version of its popular Gluten Free Meat Pie. Patties Brand Manager, Ms Kristy Vandenberghe, says “there is strong demand for the Gluten Free Pie among coeliacs, and the sales are incremental because this audience is not in the market for a regular pie. “The single-wrap format makes it easier for the out-of-home market to offer a gluten free alternative. It’s as simples as adding it to their... ...Read more »

Meat pie manufacturer Patties Foods Ltd has denied any intention of purchasing Sara Lee’s Australian food brands, contradicting speculation in the Sydney Morning Herald that the Bairnsdale-based company was in talks with a view to buy. Sara Lee produces some of Australia’s most popular food brands, including Moccona coffee, Sara Lee desserts and baked goods, Piazza d’Oro and Pickwick Tea. Many of Sara Lee’s brands have been sold off recently, as the company focuses on its coffee... ...Read more »

Patties Foods today announced a merger of their In-Home and Out-of-Home sales operations under one reporting structure, with the positions of GM Sales In-Home and GM Sales Out-of-Home being made redundant as a result. The news comes after a strategic review of the company’s sales operations. The company reported that Tim Peters would take charge of the newly combined division – accepting the role of Head of Sales, effective 18 January 2010. Mr Peters’ most recent role was with... ...Read more »

Patties Foods has today informed investors that accounts to the end of October and estimates for November and December have ensured a positive revision to profit forecasts for the first half of the financial year. The maker of the Four ‘N Twenty pie said they anticipate net profit after tax to be in the range of $7.25m to $8.75m – considerably above the $4.7m figure reported last year. Patties said the profit growth was due to a number of factors including stronger sales, improved manufacturing... ...Read more »

The maker of the Four n’ Twenty pie has today announced a 21.3 per cent decline in profit despite seeing sales up by 9.3 per cent in the 2008/09 Financial Year. Patties Foods advised that the main catalysts for the “disappointing” result were difficulties in completing commissioning of the new bakery plant in the first half – which led to reduced customer supply levels and higher costs; increased marketing spend to “regain market share and shelf presence”; and... ...Read more »