By Anthony O. Goriainoff

Kerry Group said revenue in the third quarter fell as consumer demand in the food and drink market softened due to economic and geopolitical uncertainty across various regions.

The Ireland-based food company on Thursday said revenue fell by 1.0% in the period, hurt by adverse foreign-exchange effects, among other things.

Kerry said the continuing business earnings before interest, taxes, depreciation and amortization margin rose by 0.9 percentage point, mainly driven by operating leverage, cost efficiencies, product mix and the contribution from acquisitions and disposals.

Growth in the period was led by bakery, snacks and dairy, it said.

The company remains well-positioned for volume growth and strong margin expansion for the rest of the year despite heightened market uncertainty, it said.

"Kerry's consolidated balance sheet remains strong, which will facilitate the continued strategic development and growth of the business," it said.

Kerry reiterated its guidance of adjusted earnings per share constant-currency growth at 7% to 11% in 2025.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

October 23, 2025 03:04 ET (07:04 GMT)

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