Food and beverage

Meet your Food and beverage Research team

C&C

Pre-close trading update

C&C expects to deliver EBIT of €84m for FY23, which is €2m below our forecast due to unanticipated costs relating to the recent ERP roll-out. We will leave our FY24 EBIT forecast...

Dole plc

FY22 results – resilient performance and outlook

Dole’s full-year results were in line with its guidance and c.2% ahead of our forecasts, supported by a robust fourth-quarter performance in the Fresh Fruit segment. The FY23 outlook...

Origin Enterprises

Strong start to FY23

Strong first half profit delivery allied with a favourable planting and crop establishment profile, sets a good foundation ahead of the seasonably more important H2. We envisage lifting...

ARYZTA

Further improvements baked into FY23 guide – upside to current forecasts

ARYZTA’s interim results reflect impressive volume growth despite significant pricing, with the H1 margin bolstered by improved operating leverage as a result. Input cost inflation remains...

Associated British Foods

Pre-close update – improved FY23 outlook

Associated British Foods’ (ABF) pre-close H1 FY23 statement underpins a healthy performance in Primark, with improved trading supporting an anticipated operating margin of “above 8%”. ...

Associated British Foods

Primark-driven upgrades

Primark’s price leadership model and retail proposition are driving market share growth in the UK. Improving sales densities are anticipated to positively impact margin rebuild at Primark...

Kerry Group

FY22 results preview – updating model for FX and disposal

Kerry will report FY22 results on February 16th. We expect the results to confirm a year of strong execution against unprecedented inflation and supply chain pressures. Raw material...

Treatt plc

AGM trading update

Treatt has released a brief trading update ahead of its AGM. It confirms a ‘good’ start to the year with progress on margin and 3% constant currency sales growth. Trading is in line...

Greencore Group

Q1 update – downside to current forecasts

Greencore’s Q1 performance was enervated by the impact of ongoing UK industrial actions and persistent inflation headwinds, with profit conversion coming in below expectation. Volumes in...

Symrise

FY22 profitability lower than expected

At close of market on Friday January 20th, Symrise released preliminary headline figures for FY22 and announced a €126m loss relating to its interest in Swedencare. Organic growth...