Berry (US:BERY) ZACKS·2024-07-10 17:21Core Insights - Berry Global Group, Inc. has partnered with La Rosée to create a refillable deodorant stick called Exclusive Refill, emphasizing sustainability and natural ingredients [1][5][11] Company Collaboration - The development of the La Rosée deodorant took two years, focusing on a formula that is 99% natural and free from aluminium salts and alcohol [5][10] - The packaging solution is designed to be sustainable, waterproof, user-friendly, and aesthetically pleasing, avoiding over-wrapping [5] Product Features - The Exclusive Refill features a reusable deodorant stick and a specially designed refill that is 62% lighter than a full stick, weighing significantly less due to its mono-material polypropylene (PP) design [11] - The deodorant has a 50ml size for convenient and hygienic application, allowing consumers to refill in under a minute [11] Environmental Initiatives - Berry Global is transitioning the Exclusive Refill to use CleanStream recycled PP, addressing the demand for eco-friendly packaging in the personal care sector [14] - The collaboration aligns with the growing trend towards sustainable practices in the cosmetics industry [14] Financial Performance - Berry Global currently holds a Zacks Rank of 3 (Hold) and has seen its stock decline by 13.7% year-to-date, contrasting with the industry's growth of 0.8% [12] - The company is implementing cost-reduction strategies, including plant closures and labor management, to improve margin performance [15] Market Challenges - The Consumer Packaging International unit is facing challenges due to reduced selling prices linked to lower resin prices, while the Flexibles unit is impacted by softness in North American transportation and shrink film markets [16]