Nutrition group has been caught out by the scale and speed of rising prices for whey protein which is key for its Optimum Nutrition brand
Glanbia, McLaren's sponsor, faces investor concerns due to a surge in whey protein prices impacting their Performance Nutrition division. This led to a share price slump and questions about their forecasting and deal-making abilities. Glanbia plans to offset costs by raising prices and cutting marketing, while also selling SlimFast and Body & Fit. Analysts are struggling to see a catalyst for a stock rally despite a strong balance sheet.
