In Kerry’s review of its third quarter results, the company underscores that consumer demand continued to be strong through the period despite geopolitical volatility and inflationary headwinds. Consumer preferences for new taste experiences, clean labels and healthier options remain prevalent, while the importance of value options continues to rise across categories.

Revenue increased by 16.1 % in the period, comprising volume growth of 6.6 %, increased pricing of 10.6 %, with the contribution from business acquisitions of 4.8 % partially offset by the impact of the business disposal of the Consumer Foods Meats and Meals business of 12.7 %.

“Our volume growth was broad based across our regions, channels and markets, led by excellent performances in Snacks, Beverage, Meat and Bakery in particular,” comments Edmond Scanlon, Kerry CEO. “We also made good strategic progress with further footprint expansion and strategic acquisitions. Given we have now reported the third quarter, we are updating our full year earnings guidance of six percent to eight percent growth on a constant currency basis.”