Kerry Group posts 3% volume growth despite 'soft' consumer demand

The group maintained its constant currency adjusted earnings per share guidance of 7% to 11% growth for the full year

Edmond Scanlon, Chief Executive Officer, Kerry Group.

Food giant Kerry saw its volumes grow by 3% in the last three months, underpinned by strong end market performances across bakery, snacks and dairy, the company said on Thursday.

In a trading statement, the group welcomed volume growth in foodservice of 4.1%, which represented a "significant channel outperformance" in the period, while business volumes in emerging markets increased by 5.3% across the period, led by a strong performance in Southeast Asia.