Kerry Group PLC Class A
KYGA: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|F.BwT>!KMW | LOCK|?!#$b | LOCK|z^^B&Xc |
Kerry Group Earnings: Dairy Ireland Business Returns to Growth; Pricing Challenges Ongoing
In the third quarter, wide-moat Kerry Group reported modest results with positive volume growth of 3.4%. However, due to negative pricing and currency contributions revenue declined by 3% in the reported nine months. Kerry confirmed its full-year guidance for adjusted EPS growth of 7%-10%, which was upgraded in the second quarter. We maintain our fair value estimate of EUR 95 per share.
