Kerry Group said that it expects financial results for the three months to the end of September to be 'in line with market expectations'
ADVERTISEMENT
Kerry Group issued a short trading update ahead of its U.S. investor day in Wisconsin on Tuesday 8 October.
The company said that it expects financial results for the three months to the end of September to be “in line with market expectations”.
Kerry also said that it intends to start a fresh €300m share buyback scheme once the current one is completed.
ADVERTISEMENT
The current programme has purchased €268.9m worth of Kerry Plc shares since it was launched at the start of May this year. In November of 2023, Kerry launched the first €300m buyback programme, which was completed in April of this year.
Strong positioning
Between those two programmes Kerry has purchased €568.9m of its own shares since it started the buybacks, with €467.1m of those purchases occurring so far in 2024.
Kerry said it will provide a further trading update when it published Q3 2024 results on 24 October.
The event in Wisconsin will, according to the company, showcase the “significant development of Kerry's science and technology portfolio” as well its “strong positioning in the Americas, emerging markets and the foodservice channel”.
The trading update made no mention of Kerry Dairy Ireland.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Kerry Group issued a short trading update ahead of its U.S. investor day in Wisconsin on Tuesday 8 October.
The company said that it expects financial results for the three months to the end of September to be “in line with market expectations”.
Kerry also said that it intends to start a fresh €300m share buyback scheme once the current one is completed.
The current programme has purchased €268.9m worth of Kerry Plc shares since it was launched at the start of May this year. In November of 2023, Kerry launched the first €300m buyback programme, which was completed in April of this year.
Strong positioning
Between those two programmes Kerry has purchased €568.9m of its own shares since it started the buybacks, with €467.1m of those purchases occurring so far in 2024.
Kerry said it will provide a further trading update when it published Q3 2024 results on 24 October.
The event in Wisconsin will, according to the company, showcase the “significant development of Kerry's science and technology portfolio” as well its “strong positioning in the Americas, emerging markets and the foodservice channel”.
The trading update made no mention of Kerry Dairy Ireland.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS