Kerry Group narrows earnings guidance as profit margins tighten

The taste and nutrition giant warned against the “significant impact” soaring input cost inflation was having on its profit margins as it reported third quarter results

Kerry Group chief executive Edmond Scanlon

Kerry Group has narrowed its full year earnings guidance for 2022 as soaring input cost inflation continues to impact profit margins across its business.

Announcing a third quarter update on Thursday, the taste and nutrition giant reported revenue growth of more than 16 per cent for the three months to the end of September, driven by sales volume growth of 7 per cent in the period, an 11 per cent increase in product pricing and ...