Brief: Kerry Group expects to increase prices in 2027, CEO says
BRIEF-Kerry Group expects to increase prices in 2027, CEO says Oct 22 (Reuters) - Kerry Group PLC KYGa.I analyst call and Reuters interview:
KERRY GROUP CEO: Q4 VOLUME PERFORMANCE EXPECTED TO BE SIMILAR TO Q3
KERRY GROUP CFO: EXPECT 2027 TO BE A YEAR OF INPUT COST INFLATION
KERRY GROUP CEO: CONTINUE TO EXPECT SOME MODEST GROWTH IN CHINA THIS YEAR
KERRY GROUP CEO: NEED FOR CUSTOMERS TO OFFSET INPUT COST INFLATION PARTLY DRIVING INCREASE IN REFORMULATION, RENOVATION
KERRY GROUP CEO: WE ARE SEEING CONTINUED FOCUS BY RETAILERS ESPECIALLY IN NORTH AMERICA ON OWN BRAND OFFERING
KERRY GROUP CEO: WE EXPECT 2027 TO BE AN INFLATIONARY YEAR IN TERMS OF PRICING
KERRY GROUP CEO: NOT SEEN AN INCREASED LEVEL OF PROMOTIONAL ACTIVITY AMONG CUSTOMERS VERSUS END-JULY AND DON'T EXPECT ANY CHANGE GOING FORWARD
Further company coverage: [KYGa.I]
(Reporting By Padraic Halpin)