Stock Take

Why Kerry Group may need to tell investors a better story

The company is in good health and delivering a fairly resilient performance but shares continue to take a hammering

Edmond Scanlon, Kerry Group chief executive officer: interim results for the third quarter of 2023 show the company continues to grow its sales but investors still remain unconvinced. Picture: Fergal Phillips

It’s hard not to feel sorry for Edmond Scanlon and the senior management team at Kerry Group. The Tralee-headquartered company has done very little wrong over the last three years in the face of unprecedented market challenges, yet its share price has still taken a hammering from investors.

Since it peaked at almost €125 in February 2020 just before the onset of the Covid-19 pandemic, shares in Kerry Group have plunged more than 40 per ...