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Kerry Group Consumer Foods Margins Impacted By Brexit-Related Costs

Published on May 2 2019 9:18 AM in A-Brands tagged: Trending Posts / Kerry Group / Brexit / Consumer Foods / Paywall

Kerry Group Consumer Foods Margins Impacted By Brexit-Related Costs

Trading profit margin in the Consumer Foods division of Ireland's Kerry Group fell by 10 basis points in the first quarter of its financial year, the group said, impacted by 'Brexit risk-mitigation costs'.

The division, which includes brands such as Denny and Cheestrings, saw a 0.8% increase in volumes in the quarter.

Pricing was down 0.3% due to lower raw material impact costs.

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