Kerry Group CEO: Managing tariffs via alternate sourcing, reformulation

ReutersMay 1, 2025 8:22 AM

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May 1 (Reuters) - Kerry Group PLC KYGa.I analyst call:

KERRY GROUP CFO - WORKING WITH OUR CUSTOMERS TO MANAGE TARIFF IMPLICATIONS INCLUDING MITIGATING OPTIONS SUCH AS ALTERNATIVE SOURCES FOR INPUTS WHERE FEASIBLE OR PRODUCT REFORMULATION
KERRY GROUP CFO - WE WILL MANAGE RESIDUAL TARIFF COSTS VIA OUR WELL ESTABLISHED PRICING MODEL
KERRY GROUP CFO - CURRENTLY LOOKING AT LOW SINGLE DIGIT INPUT COST INFLATION AND THEREFORE LIMITED OVERALL PRICING IN THE FULL YEAR
KERRY GROUP CEO - WE STILL BELIEVE WE CAN ACHIEVE SIMILAR OR BETTER VOLUME GROWTH FOR 2025 OVER 2024
KERRY GROUP CEO - NOTHING REALLY NOTABLE TO CALL OUT ON NORTH AMERICAN PERFORMANCE IN APRIL VERSUS MARCH, OR APRIL VERSUS Q1
KERRY GROUP CEO - CONSUMERS CONTINUE TO BE VERY VALUE CONSCIOUS AND ARE TRADING DOWN IN PLACES, PRIVATE LABEL TAKING SOME MARKET SHARE
KERRY GROUP CEO - WE HAVE SEEN AN UPTICK IN TERMS OF INNOVATION AS IT RELATES TO MORE VALUE OPTIONS, VALUE PRICE POINTS

Further company coverage: [KYGa.I]

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