Source - SMW
Consumer foods group Kerry reported a rise in revenue, led by sales growth in its meat, snacks and beverages segments. 
 
For the nine months ended 30 September 2019, revenue increased by 10.0%, reflecting business volume growth of 3.1%, a pricing decrease of 0.1%, acquisition contribution of 4.7%, and a favourable translation currency impact of 2.3%. 
 
Volume growth of 3.9% was driven by meat, snacks and beverage end use markets. Margin increased by 20 basis points, thanks to a 20-basis-point improvement in taste & nutrition while consumer foods margins were maintained,  Kerry said. 
 
'We reaffirm our full year 2019 guidance of adjusted earnings per share growth of 7% to 9% on a constant currency basis,' said Edmond Scanlon, chief executive. 


 
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