Glanbia says revenue down by 2.5% in first quarter
The food group expects to deliver earnings growth of 8%-10% this year
Glanbia said total revenue declined by 2.5 per cent in the first three months of the year but repeated its full-year guidance of earnings growth of eight to 10 per cent.
Shares in the company fell in early trading and were down by 2.2 per cent at €17.17 by 08:45 a.m.
The performance nutrition business reported a 5.6 per cent rise in revenue and the company said the full-year outlook was positive with like-for-like branded revenue growth expected...
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The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures