Glanbia Performance Nutrition Acquires an Esports Brand

I hope you weren’t caught headline reading when the impressive Glanbia Performance Nutrition 21H1 growth was reported because it might not tell you the whole story. Yes, Glanbia Performance Nutrition net revenues increased 28.1% YoY on a constant currency basis from both strong pricing and volume increases (at 22.2% and 5.6% respectively), but what about on a two-year stacked basis? Using the latest Glanbia Plc earnings report, conference, and publicly-disclosed information, I'll update you on how the global nutrition company is performing throughout the first half of this year. Additionally, I'll dive deeper into the Optimum Nutrition and Slim Fast brands, provide an update on the Glanbia Performance Nutrition strategic transformation project, and explain how Glanbia used it's strengthened balance sheet to acquire a gamer nutrition brand named LevlUp. Finally, I concluded with why a question posed during the earnings call irked me big time and shows Glanbia still has a great deal of legacy mechanical thinking that will come back to bite them in the butt’s once again in a few years.