Ailing baked-goods maker Aryzta has said said its profitability will remain under pressure, seeking to further dampen investor expectations ahead of the arrival of a new chief executive.
Weak revenue and rising labour costs in North America will weigh on margins after volume declines in that market worsened, the Zurich-based maker of McDonald’s hamburger buns said today sending its shares tumbling further.
The company also said that optimising its European bakeries will take...
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