Berry (US:BERY) ZACKS·2024-08-06 14:15Core Insights - Berry Global's international operations are crucial for understanding its financial resilience and growth potential, especially given the interconnected global economy [2][3] Revenue Performance - The total revenue for Berry Global in the quarter ending June 2024 was $3.16 billion, reflecting a decline of 2.1% year over year [4] - The "Rest of World" segment generated $295 million, accounting for 9.3% of total revenue, which was a surprise decrease of 2.75% compared to the projected $303.33 million [5] - Europe contributed $1.1 billion, representing 34.9% of total revenue, which was also below the consensus estimate of $1.15 billion, resulting in a surprise of -4.32% [6] Future Revenue Forecasts - For the current fiscal quarter, analysts anticipate total revenue of $3.15 billion, indicating a 2% increase from the same quarter last year, with expected contributions of 9.4% from "Rest of World" ($296 million) and 35.3% from Europe ($1.11 billion) [7] - The projected total annual revenue for Berry Global is $12.28 billion, a decrease of 3% compared to the previous year, with expected contributions of 9.5% ($1.16 billion) from "Rest of World" and 35.8% ($4.4 billion) from Europe [8] Market Dynamics - The reliance on global markets presents both opportunities and challenges for Berry Global, making the analysis of international revenue trends essential for forecasting future performance [9] - Analysts closely monitor international revenue trends due to increasing global interdependencies and geopolitical conflicts, which can significantly influence earnings forecasts [10] Stock Performance - Over the past month, Berry Global's stock has increased by 5.9%, contrasting with a 6.7% decrease in the Zacks S&P 500 composite [13] - In the last three months, the company's shares rose by 5.4%, while the S&P 500 increased by 1.6%, indicating relative strength in the stock performance compared to the broader market [13]