Aug 12 2026
Food and beverage
Recent Research
Dole plc, Resilient Q2 outcome
Aug 10 2026
Glanbia, H1-26 results: beat and raise
Aug 6 2026
AG Barr, H1-27 trading update
Aug 4 2026
Greggs plc, H1-26 update – solid profit delivery
Jul 29 2026
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Greggs plc
Burden of proof shifts to execution: moving to ‘Neutral’
Greggs shares have re-rated meaningfully since its interim statement, supported by stronger near-term margin delivery. We continue to recognise the quality of the store rollout model,...
Dole plc
Resilient Q2 outcome
Dole delivered a resilient Q2 outcome, with adjusted EBITDA of c.$117m c.7% ahead of VA consensus. Fresh Fruit was the principal drag, while strong Diversified Americas & ROW growth...
Glanbia
H1-26 results: beat and raise
Strong execution across all three platforms drove a 5.4% first-half EBITDA beat for Glanbia and supports a meaningful upgrade to full-year guidance. Optimum Nutrition remained a...
AG Barr
H1-27 trading update
AG Barr is expected to deliver revenue growth of c.8% in H1-27 (VA consensus: c.12%), primarily supported by the contribution from recent acquisitions, with core volume growth impacted...
dsm-firmenich
Q2-26 organic sales and EBITDA ahead
Q2 results were better than expected for both organic growth and EBITDA. Strong volume growth was in evidence across all three divisions, with management noting an exceptionally good...
Symrise
Taste, Nutrition & Health activities driving better-than-expected performance in H1
Better-than-expected margin and sales delivery for Taste, Nutrition & Health (TNH) supported an EBITDA beat at group level in the period. Pet activities were back in Q2 but are...
Greggs plc
H1-26 update – solid profit delivery
Greggs delivered H1 like-for-like (LFL) growth of 2.1% (VA consensus: +2.3%, Q1: +2.5%, Q2 implied: +1.7%) across its company-managed estate. H1-26 profit growth was particularly strong...
Danone
H1-26 update: solid delivery
Danone delivered strong Q2 like-for-like (LFL) growth of +4.2% (VA: +3.7%), driven by pricing (+2.3%), with volume/mix improving sequentially to +1.9% (Q1: +1.5%; VA consensus: +2.2%)....
Kerry Group
H1 EBITDA in line; guidance maintained; 2030 targets launched
Kerry Group delivered Q2 volume growth of 3.5%, representing significant market outperformance and modestly ahead of our 2.9% forecast. EBITDA, at €558m, was in line. With volume growth...
SSP Group plc
Q3 update: unchanged guidance will reassure
SSP Group (SSPG) has issued its Q3 trading update. Overall, trading has been resilient in Q3 with like-for-like (LFL) growth of 4%. Importantly, the company has reiterated its full year...
