Mar 4 2026
Food and beverage
Recent Research
Greggs plc, FY26 outlook maintained
Mar 3 2026
Dole plc, Strong finish to FY25
Feb 25 2026
Danone, FY25 results – strong finish to the year
Feb 20 2026
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Symrise
FY25 results modestly ahead; 2026 guide in line but slow start expected
Strong margin delivery, supported by cost savings, resulted in a 2% EBITDA beat for Symrise in 2025. Cash metrics were healthy. 2026 guidance is along expected lines, reflecting...
Food and beverage manufacturers
Private label growth: a detailed study
Private label now accounts for c.61% of total UK grocery sales by volume. What was once positioned primarily as a value lever has evolved into a central driver of retail growth as...
Greggs plc
FY26 outlook maintained
Current trading in early 2026 has been soft, with like-for-like (LFL) growth +1.6% (Visible Alpha H1-26: +2.5%). At this early stage, management has maintained its guidance for FY26 and...
Origin Enterprises
Solid H1-26 performance – crop development progressing
In the seasonally quieter first half, Origin Enterprises delivered modest EBITA growth. Profit growth across Ireland/UK and Latin America was partly offset by Central Europe. On-farm...
Dole plc
Strong finish to FY25
Dole delivered FY25 adjusted EBITDA of c.$395m, coming in above its guidance and beating consensus forecasts. Modest progress was made on balance sheet improvements, with leverage...
Glanbia
EPS 2% ahead; outlook implies another upgrade
Glanbia has delivered another positive update, delivering sector leading volume growth for its flagship brand and Ingredients platform in the second half of 2025. Guidance suggests 2026...
Danone
FY25 results – strong finish to the year
Danone’s Q4 like-for-like (LFL) growth of 4.7% (volume/mix: + 2.5%) was modestly ahead of market expectations and supported by continued strength in Specialised Nutrition and EDP....
Kerry Group
FY25 results in line, solid outlook, further buyback
Against a subdued demand environment, Kerry delivered a solid 2025 result with good progress on volume and margin. Volume growth was ahead of end-markets, driven by strong execution...
Robertet
Strong FY25 trading update
Robertet delivered a strong FY25 performance with sector leading organic sales growth and margin progression. Its full year organic sales increased 7.6% (H2 implied: +6.0%), which lands...
dsm-firmenich
FY25 results
The results bookend a taxing year for the business. Q4 organic sales growth of 2% reflects a pallid operating environment with Fragrance activities outperforming Food & Beverage. The...
