Greif (GEF) Stock Declines 7% in a Month: Factors to Note
GEFGreif(GEF) ZACKS·2024-06-29 01:20

Greif (GEF) failed to impress investors with its second-quarter fiscal 2024 earnings results reported on Jun 5, 2024. Despite a 4% improvement in sales and return to volume growth, the company witnessed a 54% plunge in earnings due to elevated raw material, transportation and manufacturing costs, and higher SG&A expenses. Due to this performance, the company’s shares have lost 7% in the past month compared with the industry’s 1.5% decline. Image Source: Zacks Investment Research The Zacks Rank #3 (Hold) com ...