Kerry narrows earnings guidance

Despite this, the Tralee-headquartered international food and ingredients giant still sees a chance for earnings to show a low double-digit percentage increase for the current year; significant given the deterioration in exchange rates compared to earlier in the year.
In its latest trading update — covering both the third quarter and the first nine months of the year — Kerry yesterday stated it is confident of delivering 8%-10% growth in adjusted earnings per share for 2013, to a range of 253c-257c.