Ultimate Products has delivered a resilient performance with results in line with the August trading statement, following the Q3 update in May. In FY23, the issues of retailer destocking and a consumer slowdown were partly hidden by the surge in sales of air fryers. In FY24 sales of air fryers fell to more normalised levels with retailers continuing to destock slowly in the face of a continuing consumer slowdown. There is no denying that it’s been a tough year however, it has made good strategic ....
