Walker’s Shortbread Reports Lower 2025 Sales Amid Cost Pressures
Walker’s Shortbread Ltd. Announced its full year financial results for 2025, reporting sales of EUR197m, which is 2% less than they reported in 2024.
The company claims that changes in prices and policies contributed to the lower sales, as the prices of butter have escalated since last year, along with continuing global affairs like the tariff implementation in the US causing uncertainty in terms of availability. Ongoing labor cost increases and continued sector-wide labor shortages meant necessary increased utilization of premium-paid overtime hours. These factors resulted in an operating profit of EUR6.9m.
Despite these obstacles, domestic and international demand for Walker’s remains high with around 50% of produce exported to around 100 different markets.
Nicky Walker, Managing Director of Walker’s Shortbread said: “The Board took a deliberately cautious outlook for 2025, following a period of significant and sustained growth as the world recovered from the pandemic years. We were prepared for market headwinds and tough trading conditions, but the unprecedented convergence of US tariffs, shifting customer inventory patterns, continued governmental wage regulations and a significant double-digit percent year-on-year increase in wholesale butter prices impacted our bottom line.”
Walker’s Shortbread Ltd. is a privately owned Scottish food manufacturer known for producing premium all-butter shortbread.
