Amcor misses quarterly sales estimates as tariffs weigh on demand
3 Articles
3 Articles
Amcor misses quarterly sales estimates as tariffs weigh on demand
Feb 2 (Reuters) – Packaging firm Amcor missed Wall Street estimates for second-quarter sales on Tuesday, as rising tariffs and weak consumer spending weighed on demand. Sales volumes fell across North America and Europe. The company said volumes were about 1.5% lower than the combined legacy Amcor and Berry businesses in the December quarter last year, excluding non-core and divested units. WHY IT’S IMPORTANT U.S. tariffs and rising inflation …
Amcor’s Earnings Mixed Despite Tax Benefit
Amcor’s December quarter results have been described as “weaker than expected” on an EBIT basis by Goldman Sachs analyst Niraj Shah, despite a one-off tax benefit that kept earnings broadly in line with expectations. Amcor is a global packaging company that develops and manufactures flexible and rigid packaging products for the food, beverage, pharmaceutical, medical, home, and personal care industries. The company aims to provide sustainable pa…
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