In the past 24 hours, two of Ireland’s largest food businesses have published results telling a similar story. The listed multinational Kerry Group, for the first half of this year, and the Queally family-owned Arrow Group, for last year, both reported revenue growth and shrinking profit margins. Both have been exposed to volatile raw materials and energy costs and rising interest rates, but the details of their filings show that they have reacted differently. Although they are very different animals, with Kerry about 10 times larger than Arrow, a comparison of their performance offers lessons in how to navigate the…

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