Applied Nutrition shares climb on bullish sales outlook

Core Viewpoint - Applied Nutrition has raised its annual sales and profit outlook for the second time this fiscal year, indicating strong performance in the UK sports-nutrition market [1] Financial Performance - First-half sales are expected to increase by 57% to £74.5 million ($100.9 million) [1] - The company anticipates total sales of £140 million by 2026 [2] - Current market consensus for revenue stands at £133.5 million and adjusted EBITDA at £37.7 million [3] Strategic Partnerships - Applied Nutrition has partnered with UK retailer Morrisons to launch a high-protein range of ready meals and other products, with an initial 53 products launched in January across approximately 400 stores [5][6] - The partnership is seen as a testament to the brand's strength and growing consumer demand for convenient, high-protein food options [6] Market Positioning - The company has diversified its sales channels across UK health retailers, grocers, and discounters, leading to higher-than-expected retail orders and customer stock levels [4] - Applied Nutrition operates a US division to support sales through Walmart and has marketing partnerships with sports teams and athletes [7]