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International Flavors & Fragrances falls as annual sales forecast below estimates

By Reuters News4 hours ago Updated

** Shares of food ingredients maker International Flavors & Fragrances IFF.N down 3% at $89.40 in extended trading

** Co forecast annual sales largely below estimates, hurt by challenging macroeconomic environment

** "We expect fourth-quarter profitability to be softer, particularly in Health & Biosciences, reflecting higher costs as well as reinvestments to strengthen the business," says CEO Erik Fyrwald

** Now expects FY2026 sales in the range of $7.5 billion to $7.6 billion vs estimates of $7.60 billion - data compiled by LSEG

** Co, however, beats Q3 sales estimates helped by resilient demand across all divisions

** As of last close, IFF up ~37% YTD

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