Glanbia upgrades earnings forecast as sports nutrition business outperforms

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Glanbia upgrades earnings forecast as sports nutrition business outperforms
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Kilkenny-based food giant sees strong revenue growth across its performance nutrition division

Siobhan Talbot, group managing director of Glanbia Plc, poses for a photograph at the company's offices in Dublin, Ireland, on Thursday, Nov. 5, 2015. Glanbia plc is an international dairy, consumer foods, and nutritional products company, with operations in Ireland, the United Kingdom, and the United States. Photographer: Aidan Crawley/Bloomberg *** Local Caption *** Siobhan Talbot

The performance was driven by “strong revenue growth” across its performance nutrition division, which is centred around Glanbia’s Optimum Nutrition brand, which makes protein powders for gym goers.In a trading update, the Kilkenny-based food company said it now expected growth in full-year adjusted earnings per share to between 17 per cent and 20 per cent on a constant currency basis.Not art therapy - but art with therapeutic benefitsGroup revenue for the third quarter declined by 9.

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