StockMarketWire.com - Consumer foods group Kerry reported a rise in revenue, led by sales growth in its meat, snacks and beverages segments.

For the nine months ended 30 September 2019, revenue increased by 10.0%, reflecting business volume growth of 3.1%, a pricing decrease of 0.1%, acquisition contribution of 4.7%, and a favourable translation currency impact of 2.3%.

Volume growth of 3.9% was driven by meat, snacks and beverage end use markets. Margin increased by 20 basis points, thanks to a 20-basis-point improvement in taste & nutrition while consumer foods margins were maintained, Kerry said.

'We reaffirm our full year 2019 guidance of adjusted earnings per share growth of 7% to 9% on a constant currency basis,' said Edmond Scanlon, chief executive.



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