Glanbia upgrades profit outlook as brands business continues to grow through higher prices

Glanbia, the Kilkenny-headquartered nutrition group, has upgraded its full year profit outlook as its portfolio of performance nutrition brands continue to deliver strong growth this year.

Announcing third quarter results on Wednesday, Glanbia said it was raising its full year guidance for growth in adjusted earnings per share to a range of between 17 and 20 per cent in 2023. Overall, Glanbia said it expects to deliver earnings margins of between 12 and 13 per ...