Kerry Group

Updating forecasts to capture transitory headwinds

  • Sectors : Foods
  • Companies : Kerry Group

Ratings and price correct at time of issue.

  • Kerry Group

    Closing Price: 9925c

  • RATING 30/06/09



The overarching takeaway from Kerry’s Q1 conference call was the scale and intensity of customer engagement, underlining a growing partnership ethos. The current crisis is placing a greater emphasis on supply chain responsiveness, toolkits and agility – as such, we expect Kerry to emerge from the crisis with a stronger proposition. The scale of dislocation across the sector is unprecedented and is most acute in foodservice, a key channel for Kerry, which prompts us to lower our FY20 group operating profit forecast by 15%. While 2020 is shaping up as a volatile year, we view any dislocation as transitory. Kerry’s long-term growth algorithm remains structurally robust.

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May 6 2020, 07:25 IST/BST