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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Glanbia upgrades earnings forecast as sports nutrition business outperformsKilkenny-based food giant sees strong revenue growth across its performance nutrition division
Source: IrishTimes - 🏆 3. / 98 Read more »

Glanbia upgrades profit outlook as brands business continues to grow through higher pricesThe performance nutrtion giant said it expects to deliver earnings margins of between 12 and 13 per cent for 2023
Source: businessposthq - 🏆 8. / 71 Read more »

Global stocks edge higher as investors await earnings reportsRyanair finished down in Dublin, lagging peers, after speculation reached investors the airline may cancel its Boeing order
Source: IrishTimes - 🏆 3. / 98 Read more »