Packaging firm Amcor misses sales estimates on tepid demand
Aug 15 (Reuters) -Packaging company Amcor 485.F, AMCR.N reported a more-than-expected decline in fourth-quarter sales on Thursday, hurt by weaker demand for its containers and cartons.
Volumes for the company's products in rigid packaging fell due to persistent destocking in healthcare categories in North America — a major revenue-generating region.
Sales were also hurt by lower volumes in North American beverage business through the quarter ended June 30.
Quarterly sales at Amcor — which counts Cadbury parent Mondelez International MDLZ.O and beverage maker PepsiCo PEP.O as its customers — dropped 4% to $3.54 billion. Analysts on average estimated 1% decline to $3.64 billion, according to LSEG data.
Peer International Paper IP.N also saw a slowdown in demand for its corrugated packaging containers in the latest quarter.
Amcor's adjusted earnings for the fourth quarter were at 21.1 cents per share, edging past analysts' estimate of 20 cents, aided by easing raw material costs.
The company expects adjusted earnings per share for fiscal 2025 to be between 72 and 76 cents, the midpoint of which was in line with analysts' estimate of 74 cents.
It posted adjusted profit of 70.2 cents per share for fiscal 2024.
Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Shilpi Majumdar
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
