Fonterra's consumer and foodservice margins expected to hold

The co-op increased its farmgate milk price last week. (Image: NZME)

Tue, 27 Aug 2024

Forsyth Barr expects margin resilience in Fonterra’s consumer and foodservice channels to be holding up.The dairy giant told its farmer shareholders last week that it expected its earnings for the 2024 financial year to be at the top end of the 60 cents to 70c per share range, which chief executive Miles Hurrell said put them on track for a “strong” full-year dividend.The indication came less than three months after lifting its range from between 50c and 65c and Forsyth Barr said the driver behind the upgrade was consumer and...

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