Kerry reinstates earnings guidance as review of dairy business continues

CEO tight-lipped about restructuring plans as group release healthy first-quarter figures

Kerry Group is eyeing 11%-15% growth in earnings per share amid strong sales in the retail channel while foodservice continues to be impacted by restrictions in many markets.

Kerry Group has reinstated earnings guidance for the first time since the Covid crisis hit, and has reaffirmed that the strategic review of its dairy business is continuing.

However, it has refused to say anything more about shelved plans to sell the division to lead shareholder Kerry Co-op.