Berry Global (BERY) Q2 Earnings Beat Estimates, Revenues Miss
Berry (BERY) Zacks Investment Research·2024-05-11 00:30
Berry Global Group, Inc. (BERY) reported second-quarter fiscal 2024 (ended March 2024) adjusted earnings of $1.95 per share, which beat the Zacks Consensus Estimate of $1.90. The bottom line decreased 0.5% year over year.Net sales of $3.07 billion missed the consensus estimate of $3.12 billion. The top line decreased 6.4% year over year due to a 2% dip in volumes and a 5% negative impact from lower resin costs.Berry Global’s cost of goods sold decreased 6.5% to $2.5 billion. Selling, general and administrat ...