Company Outlook
Glanbia, a global nutrition group, expects a 5% to 8% growth in its adjusted Earnings Per Share (EPS) for the full year of 2024. This optimistic outlook comes after reporting a 12.4% increase in adjusted EPS, reaching $0.682. This growth is mainly due to robust consumer demand for its nutrition brands, including Glanbia Performance Nutrition and Glanbia Nutritional Solutions, which both showed a 3.1% volume growth. Additionally, the acquisition of Flavor Producers significantly contributed by adding over $120 million to revenue. Glanbia also returned $50 million to shareholders through share buybacks and increased their interim dividend by 10%.
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