Glanbia boss commits to SlimFast brand despite declining volumes 

Shares jumped around 3% following interim results

SlimFast represents 11% of the company’s performance nutrition portfolio despite declining popularity. The latest fall follows a 17% drop in consumption in the 12 weeks to June 2022.

Outgoing managing director of nutrition giant Glanbia, Siobhán Talbot, suggested the company is still committed to its weight loss drinks brand SlimFast despite declining sales as new competitors enter the market.

Ms Talbot made her comments after Glanbia reported a 33% decline in consumption of the drinks in the US in the 12 weeks to mid-July as the company’s diet and weight management category is yet to recover post-pandemic.