Stock Analysis
Kerry Group (ISE:KRZ) Full Year 2023 Results
Key Financial Results
- Revenue: €8.02b (down 8.6% from FY 2022).
- Net income: €728.3m (up 20% from FY 2022).
- Profit margin: 9.1% (up from 6.9% in FY 2022). The increase in margin was driven by lower expenses.
- EPS: €4.11 (up from €3.42 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kerry Group EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 1.3%.
Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Food industry in Europe.
Performance of the market in Ireland.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Kerry Group's balance sheet health.
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About ISE:KRZ
Kerry Group
Kerry Group plc, together with its subsidiaries, provides taste and nutrition solutions.
Flawless balance sheet, good value and pays a dividend.