BUZZ - International Flavors & Fragrances shares decline as annual sales forecast misses market expectations

November 3 - ** Shares of food ingredients manufacturer International Flavors & Fragrances (IFF.N) fell 3% in after-hours trading, last at $89.40.

** Affected by the challenging macroeconomic environment, the company expects full-year sales to generally fall short of market expectations.

** “We expect profitability to weaken in the fourth quarter, particularly in our Health & Biosciences segment, reflecting higher costs as well as reinvestment to strengthen the business,” said CEO Erik Fyrwald.

** The company now expects fiscal 2026 sales to be between $7.5 billion and $7.6 billion, while the market consensus is $7.6 billion—data compiled by LSEG.

** However, thanks to resilient demand across business units, third-quarter sales exceeded market expectations.

** As of the previous trading day’s close, IFF shares have risen about 37% year-to-date.

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