UBS analyst Evan Karatzas says Inghams investors should shift focus towards a FY23 recovery, even as Inghams noted headwinds from FY22 including supply chain delays, employee absenteeism and input cost inflation will continue to be a challenge in FY23.
"We will look for additional information regarding the 4Q22 earnings recovery as well as expectations for feed cost headwinds and price increases through FY23," Mr Karatzas says. "The pathway to a reduction in leverage will also be a key focus area."
