(Alliance News) - Applied Nutrition PLC on Wednesday announced a significant expansion of its retail partnerships, strengthening its UK presence with Holland & Barrett Retail Ltd and securing new listings with three major US retailers.
The Liverpool-based sports nutrition brands company said it has agreed to a joint business plan with Holland & Barrett, which will see the UK health & wellness retailer increase its distribution of Applied Nutrition's existing products and introduce new offerings across additional categories.
As part of the agreement, Holland & Barrett will also receive early access to new product developments, allowing it to bring new Applied Nutrition items to market quickly. The first order under the deal has already been placed and includes the new Coleen Rooney product range, which will be stocked in 500 stores.
Applied Nutrition said the agreement has the potential to triple its revenue from Holland & Barrett between financial years 2024 and 2026.
In the US, the company has secured listings with General Nutrition Centers Inc, a major specialty retailer; Hy-vee Inc, the largest regional grocery chain in the Midwest; and H-E-B LP, a Texas-based grocery chain.
The company expects the US deals to start contributing to revenue in the second half of financial year 2025, with an annualised spend of USD3 million.
Chief Executive Officer Thomas Ryder said the developments highlight the company's strong growth trajectory.
"It is great to see such momentum with existing and new customers, further reinforcing the growth potential of the business. Not only are we significantly strengthening and growing our trade with key partners such as Holland & Barrett, but we are also securing new listings from major US retailers in a key growth market. We look to the future with confidence and remain focused on driving profitable growth throughout H2 and beyond," Ryder said.
Applied Nutrition said these retail expansions underpin more than half of its forecast revenue growth for financial year 2026, based on consensus estimates of GBP112 million.
Shares in Applied Nutrition were up 2.2% at 119.00 pence in London on Wednesday.
By Eva Castanedo, Alliance News reporter
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Applied Nutri (APN)
