Bunzl Reiterates Full-Year 2026 Guidance After Q3 Underlying Revenue Rises 3.7%

Bunzl PLC reported third-quarter underlying revenue growth of 3.7% to 4%, supported by inflation and continued volume growth in North America, with total revenue up 3% at constant exchange rates for the three months to 30 September 2026. The international distribution and services group reiterated its full-year 2026 guidance, maintaining its expectation for modest underlying revenue growth backed by some inflation and a small contribution from acquisitions, with the operating margin expected to be broadly flat versus the prior year. Shares dipped following the update.

Bunzl completed the acquisition of Blueleaf Care in October, a UK distributor of care and nursing home products that generated £58 million of revenue in 2025, describing the deal as highly complementary to its existing business. The company has also completed approximately £225 million of its £500 million share buyback programme announced at the half-year and said it retains balance sheet capacity for further bolt-on acquisitions.

Chief executive Frank van Zanten said the quarter demonstrated the resilience of the business and that Bunzl remained confident 2026 would provide a foundation for future profit growth.