Whey and Weight-Loss Drugs to Eat Into Applied Nutrition Profit

Applied Nutrition hikes outlook after revenues jump 50%

The health and wellness brand now expects annual underlying earnings to jump by 40% to around £43.3 million after sales soared to £160 million.

Whey and weight-loss drugs to eat into Applied Nutrition profit

Applied Nutrition has warned that a five-fold increase in whey protein prices will eat into its bottom line next year even as it beefed up its forecasts for the next year.The protein-shake maker revealed its adjusted pre-tax profit had risen by more than 40 per cent in the 12 months to August, a figure it said was “considerably ahead of consensus market expectations”. It also expects to grow earnings by a further 13 per cent to £49m.But the firm…

Applied Nutrition closes in on £1bn valuation after raising guidance for third time this year

The sports supplement maker Applied Nutrition has raised its annual sales and profit guidance for the third time this year, bringing the company founded by a former Liverpool scaffolder within touching distance of a £1 billion stock market valuation. Shares in the group, which cited “sustained demand” across its range of protein powders, sports supplements and energy drinks, initially rose more than 9 per cent when markets opened on Wednesday. T…

Applied Nutrition beats expectations with 50% revenue growth

Applied Nutrition said full-year revenue and profit would come in ahead of expectations, and guided to further growth in the year ahead, as the sports nutrition brand’s rapid expansion continued. The company expects revenue for the year to 31 July to have risen 50% to £160m, with adjusted EBITDA up 40% to about £43.3m, beating […] The post Applied Nutrition beats expectations with 50% revenue growth appeared first on UK Investor Magazine.