Kerry Group Reports Q1 Volume Growth and Margin Expansion
Kerry Group reported a 3.1% volume growth in Q1, driven by foodservice outperformance and customer renovation. The company also saw a 60 basis point expansion in EBITDA margins, but faced pricing deflation and currency headwinds. Management reiterated full-year EPS growth guidance of 6%–10%.
Topics: Currency Headwinds Guidance Reiteration Margin Expansion Pricing Deflation Q1 Earnings Volume Growth