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KRYAY Kerry Group Plc (PK)

86.42
-1.70 (-1.93%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Kerry Group Plc (PK) USOTC:KRYAY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -1.70 -1.93% 86.42 86.07 88.13 87.84 86.42 87.84 3,172 21:00:29

Kerry Group 1Q Revenue Rose on Strong Foodservice Growth

27/04/2023 8:52am

Dow Jones News


Kerry (PK) (USOTC:KRYAY)
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From May 2022 to May 2024

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By Christian Moess Laursen

 

Kerry Group PLC said Thursday that revenue rose in the first quarter of 2023, and backed its full-year guidance.

The Ireland-based food company said revenue increased 10% in the quarter, driven by good volume growth in Asia-Pacific, Middle East and Africa and Europe and strong growth in the foodservice channel.

Earnings before interest, taxes, depreciation and amortization declined 7% due to input cost inflation.

The company backed its full-year guidance. Kerry Group previously said it expects to achieve adjusted earnings per share growth in 2023 of 3% to 7% on a constant currency basis.

"While recognizing the current market uncertainty, we believe we remain strongly positioned for growth and we reiterate our full-year constant currency earnings guidance," Chief Executive Edmond Scanlon said.

 

Write to Christian Moess Laursen at christian.moess@wsj.com

 

(END) Dow Jones Newswires

April 27, 2023 03:37 ET (07:37 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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