Brief: Kerry Group CEO: Managing tariffs via alternate sourcing, reformulation
01/05/2025 08:59
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] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;))