Kerry Group expects to increase prices in 2027, CEO says

By Reuters News

Oct 22 (Reuters) - Kerry Group PLC KYGa.I analyst call and Reuters interview:

  • KERRY GROUP CEO: Q4 VOLUME PERFORMANCE EXPECTED TO BE SIMILAR TO Q3

  • KERRY GROUP CFO: EXPECT 2027 TO BE A YEAR OF INPUT COST INFLATION

  • KERRY GROUP CEO: CONTINUE TO EXPECT SOME MODEST GROWTH IN CHINA THIS YEAR

  • KERRY GROUP CEO: NEED FOR CUSTOMERS TO OFFSET INPUT COST INFLATION PARTLY DRIVING INCREASE IN REFORMULATION, RENOVATION

  • KERRY GROUP CEO: WE ARE SEEING CONTINUED FOCUS BY RETAILERS ESPECIALLY IN NORTH AMERICA ON OWN BRAND OFFERING

  • KERRY GROUP CEO: WE EXPECT 2027 TO BE AN INFLATIONARY YEAR IN TERMS OF PRICING

  • KERRY GROUP CEO: NOT SEEN AN INCREASED LEVEL OF PROMOTIONAL ACTIVITY AMONG CUSTOMERS VERSUS END-JULY AND DON'T EXPECT ANY CHANGE GOING FORWARD

Further company coverage: [KYGa.I]

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