Kerry Group plc (KYGA) Q1 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.517 Good morning and welcome to our Q1 2026 Trading Update call. 00:00:04.517 -- 00:00:09.463 I'm joined on the call by our CEO, Edmund Scanlon, and our CFO, Marguerite Larkin. 00:00:09.463 -- 00:00:13.788 As usual, Edmund and Marguerite will take you through a brief presentation, after which 00:00:13.788 -- 00:00:16.572 we will open the lines up for your questions. 00:00:16.572 -- 00:00:21.578 Before we begin, please note the usual disclaimer on our Q1 presentation regarding forward-looking 00:00:21.578 -- 00:00:25.503 statements. I will now hand over to Edmund. 00:00:25.503 -- 00:00:28.887 Thanks, William. Good morning, everyone, and thank you for joining our call. 00:00:28.887 -- 00:00:31.953 Moving to slide 4 in my overview comments. 00:00:31.953 -- 00:00:36.803 When we were pleased to report, we delivered a good start to the year in Q1, with volume 00:00:36.803 -- 00:00:42.370 growth across all three regions and continued strong margin expansion. 00:00:42.714 -- 00:00:47.564 Beginning with revenue, we delivered Q1 volume growth of 3.1%, 00:00:47.564 -- 00:00:51.736 reflecting our continued strong in-market outperformance. 00:00:51.736 -- 00:00:56.844 As we said at Cagney, circa 60% of our customer activity in North America is 00:00:56.844 -- 00:01:02.732 on renovation activity at the moment, and our innovation pipeline also continues to deliver. 00:01:02.732 -- 00:01:06.678 And this is what is supporting the volume growth we achieved in the Americas and Apnea, 00:01:06.678 -- 00:01:10.281 with Europe returning to growth. 00:01:10.444 -- 00:01:15.752 From a channel perspective, food service continued to strongly outperform the market, 00:01:15.752 -- 00:01:21.498 driven by new menu innovations, seasonal products, and continued prod...