Glanbia CFO: mitigating tariffs via pricing, selling to alternative markets
April 30 (Reuters) - Glanbia PLC GL9.I Q1 analyst call:
GLANBIA CEO: MAKING GOOD PROGRESS ON PRODUCT REFORMULATION TO REDUCE DEPENDENCY ON WHEY PROTEIN ISOLATION
GLANBIA CEO: SALES OF SLIMFAST AND BODY & FIT BUSINESSES IN EARLY STAGES
GLANBIA CEO: WHEY PROTEIN ISOLATE PROCUREMENT HAS NOW BEEN COMPLETED INTO EARLY Q4, PROCURED IN LINE WITH OUR FORECASTS
GLANBIA CFO: HAS SOME EXPOSURE TO TARIFFS ACROSS OUR THREE BUSINESSES, EXPECT IMPACTS WILL BE LARGELY MITIGATED THROUGH PRICING PASS THROUGH ARRANGEMENTS IN H&N
GLANBIA CFO: IN DAIRY NUTRITION WHERE WE HAVE SOME US PRODUCT EARMARKED FOR CHINA, WE ARE WORKING TO SELL THAT PRODUCT INTO ALTERNATIVE MARKETS
GLANBIA CEO: OVERALL PROTEIN PRODUCT DEMAND REMAINS STRONG IN U.S, WE'RE IN A RESILIENT CATEGORY BUT VERY AWARE BROADER CONSUMER CONFIDENCE DECLINING
GLANBIA CEO: AWARE OF CLEARWAY CAPITAL CALL FOR BREAK UP, WILL LISTEN TO ALL PROPOSALS AND ARE CONTINUOUSLY LOOKING FOR OPPORTUNITIES TO CREATE VALUE
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