Thai Union Raises Full-Year Sales and Gross Profit Forecasts Following Strong Second-Quarter Performance
Thai Union has raised its full-year sales forecast to an increase of 4–6%, up from a previous projection of 3–4%. The company also expects its gross margin for the year to reach between 19.5% and 20.5%, higher than earlier estimates, driven by strong second-quarter performance. In Q2, Thai Union reported sales growth of 1.4% to Bt33.85bn ($1.01bn), with its ambient seafood division leading the way at a 1.5% increase in revenue and a 4.4% rise in volumes. The pet-care segment also saw strong demand, particularly in the US and Europe, while sales from frozen products remained stable. The company's second-quarter gross margin hit a record high of 21.4%, already aligning with its long-term target for 2030. CEO Thiraphong Chansiri highlighted that this performance reflects strategic success and consistent business growth.
Topics: gross margin improvement Q2 performance sales growth