By Nina Kienle
Glanbia lifted full-year revenue guidance for its performance nutrition business following strong sequential improvements.
The Irish nutrition group on Wednesday raised its revenue outlook for the performance nutrition business to range between growth of 3% to 4% from 2% to 3% previously. Adjusted earnings per share are now expected to be at the upper end of the previous guidance of $1.30 to $1.33, it said.
In the first nine months of the year, like-for-like revenue in the performance nutrition business grew 2.5%, excluding brands SlimFast and Body and Fit.
Revenue for the whole group in the nine-month period grew 3.3%, with strong growth in the third quarter across all segments, Glanbia said.
Optimum nutrition and Isopure brands delivered double-digit volume growth, while health and nutrition, as well as dairy nutrition continued to perform well, it added.
"We continue to progress our groupwide transformation program and completed the sale of noncore brands, SlimFast and Body and Fit, as well as the acquisition of Sweetmix in Brazil within our health and nutrition division," Chief Executive Hugh McGuire said.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
November 05, 2025 02:42 ET (07:42 GMT)
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