Kerry Group 1Q Revenue Rose on Strong Foodservice Growth
27 Abril 2023 - 4:52AM
Dow Jones News
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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