Glanbia delivers ‘resilient performance’ during Q1
Glanbia is holding its AGM in person at today at the Killashee Hotel, Naas, Co. Kildare, Ireland
Print30 April 2025
Glanbia has delivered a “resilient performance” during the first quarter by delivering group like-for-like revenue growth of 4.5%.
In a statement, the company highlighted that its Health & Nutrition and Dairy Nutrition segments delivered a strong performance for the three month period ended 5 April 2025.
Commenting on the results, Hugh McGuire, CEO, Glanbia, said: “As previously announced, Performance Nutrition (PN) is facing short-term challenges in the US club channel and we are offsetting this by delivering good growth in our online and food, drug & mass channels and international markets, which is supported by a strong innovation pipeline.
“We have made good progress on our group-wide transformation programme which is focused on delivering efficiencies, optimising our portfolio and maximising long-term value for shareholders.
“Significant efforts have been made to reduce the impact of input costs on the Group. We now have good visibility of costs to the end of the year and we are reiterating our margin expectations for PN.
Performance Nutrition
According to the company’s financial results, PN revenue declined by 6.6% in the first three months of 2025, driven by a volume decrease of 5.8% and a price decrease of 0.8%.
Excluding SlimFast and Body & Fit, which have been designated as non-core and following a decision to exit the businesses, PN revenue declined by 4.8% during the period.
The volume decrease primarily related to lower revenues in the club and specialty channels in the US as well as the continued negative impacts from non-core brands, with PN Americas revenue declining by 13.2% and PN International revenue increasing by 6.1%.
The revenue growth in PN International was driven by ‘good volume growth across primary markets, including Asia Pacific, with Optimum Nutrition continuing to gain traction with consumers in key markets, supported by the continued development of in-market capabilities’.
Annual General Meeting
Glanbia is holding its AGM in person at today at the Killashee Hotel, Naas, Co. Kildare, Ireland.
Read more: Glanbia announces new operating model in Q3 2024 update
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