Can we officially say now that Glanbia Performance Nutrition is back on track after a few hiccup years? Glanbia Performance Nutrition had 2021 full-year revenue of $1.44 billion, which increased 17.1% YoY on a constant currency basis from both strong pricing and volume increases. They also benefitted 1.2% from the mid-year acquisition of LevlUp, a gamer (esports) nutrition brand. Glanbia Performance Nutrition is one of two wholly-owned segments of Glanbia plc (LON:GLB), a multi-billion dollar global nutrition company. The brands in the Glanbia Performance Nutrition portfolio include; Optimum Nutrition, BSN, Think!, Isopure, Amazing Grass, and Slim Fast. I'll use the recent earnings report, earnings call, and associated news to update you on how the Glanbia Performance Nutrition portfolio is performing against the complex operating environment. Additionally, I'll dive deeper into the Optimum Nutrition (which grew 35% YoY globally in 2021) and Slim Fast brands, provide an update on the Glanbia Performance Nutrition strategic transformation project, and explain how Glanbia will likely make additional "bolt on" acquisitions within both divisions in 2022.
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