International Flavors & Fragrances falls as annual sales forecast below estimates

International Flavors & Fragrances

Tue 21:56

** Shares of food ingredients maker International Flavors & Fragrances IFF.N down 3% at $89.40 in extended trading 
** Co forecast annual sales largely below estimates, hurt by challenging macroeconomic environment 
** "We expect fourth-quarter profitability to be softer, particularly in Health & Biosciences, reflecting higher costs as well as reinvestments to strengthen the business," says CEO Erik Fyrwald
** Now expects FY2026 sales in the range of $7.5 billion to $7.6 billion vs estimates of $7.60 billion - data compiled by LSEG
** Co, however, beats Q3 sales estimates helped by resilient demand across all divisions 
** As of last close, IFF up ~37% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))