2 Sisters Food Group Passes £70 Million Labour Cost Increase to UK Supermarkets
2 Sisters Food Group, a major poultry supplier for UK supermarkets like Tesco, Sainsbury's, and Marks & Spencer, has passed a £70 million increase in labour costs onto its customers. This rise is attributed to higher employer National Insurance contributions and National Living Wage rates. The company, which processes over 10 million birds weekly, reported an 8.5% increase in turnover to £2.38 billion for the year ending July 2025. Despite geopolitical tensions and regulatory challenges, 2 Sisters remains optimistic about future growth, focusing on factory investments and sustainability. The company has also managed to reduce its net debt by 43% to £276.4 million, partly due to a £53.2 million gain from selling its European operations.