Glanbia upgrades full year earnings guidance

In a third quarter interim management statement, Glanbia said it now expects growth in its full year adjusted earnings per share of between 17% and 20% on a constant currency basis.

Glanbia said that like-for-like branded revenue increased by 3% in its Glanbia Performance Nutrition, which reflected a price increase of 8.9% and a volume decline of 5.9%. Glanbia said the volume decline was driven by supply chain rebalancing earlier in the year with volume growth delivered in the third quarter.

Siobhán Talbot, Glanbia's Group Managing Director, said the company has continued to deliver good momentum during the third quarter of 2023.

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