Here's Why You Should Avoid Investing in Berry Global (BERY)
Berry (BERY) Zacks Investment Research·2024-01-17 01:02
Berry Global Group, Inc. (BERY) is struggling with a low demand environment, customer destocking and ongoing inflationary pressure, which are likely to impede the company’s earnings in the quarters ahead.Let’s discuss the factors that are likely to continue taking a toll on this current Zacks Rank #4 (Sell) company.Segment Weakness: Berry Global’s Consumer Packaging International segment has been experiencing weakness due to the softer consumer and industrial market. Lower selling prices due to the pass-thr ...