Companies

Analysis: Consumers’ inflation woes cause Kerry Group a European headache

Kerry Group is feeling the pinch along with consumers as price increases take their toll

Edmund Scanlon, Chief Executive of the Kerry Group PLC. We've been flagging this for the last number of quarters, the level of inflation that has been coming through to the consumer over the last couple of years. Picture: Barry Cronin

Consumer spending power continues to be a concern for Kerry Group, the Irish food giant, with the waning might of the European consumer of particular concern.

Speaking to the Business Post, Edmond Scanlon, the chief executive of the Tralee-headquartered company, said Europe was the one region he’d specifically call out as a concern as inflation continues to eat into spending power.

“We've been flagging this for the last number of quarters, the level of inflation ...