Kerry : 3Q Revenue Hit by Pandemic; Sees Full-Year EPS Decline

By Matteo Castia

Kerry Group PLC said Wednesday that third-quarter revenue was hurt by the coronavirus pandemic and an adverse currency effect.

Quarterly revenue fell 4.5% on year, reflecting a volume decline of 4.7%.

"We expect business volumes to return to growth in the final quarter and are guiding a full-year earnings per share decrease of 8% to 11% in constant currency," the Ireland-based food company said.

Write to Matteo Castia at [e-mail]

(END) Dow Jones Newswires

11-04-20 0240ET