As part of the restructuring, CEO Patrick Coveney is to take a direct role in the strategic, organisational and commercial leadership of Greencore US.
Earnings per share at Greencore for the year are now expected to be between 14.7p-15.7p, with approximately two thirds of that contribution delivered in the second half of the year. This contrasts with current market expectations of earnings of 15.7p-16.6p.
In a trading update this morning the company said that the acquisition of Peacock Foods in 2016 had greatly enhanced the scale, operational capabilities and financial performance of Greencore US.
Since then the group has been actively seeking to align the manufacturing network with current and prospective commercial opportuniti…
Read the full article at: https://www.independent.ie/business/irish/greencore-to-restructure-us-network-as-it-warns-on-profits-36699536.html