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Interpreting Berry Global (BERY) International Revenue Trends
BERYBerry (BERY) ZACKS·2024-11-28 15:15

Core Insights - Berry Global's international operations are crucial for assessing its financial strength and growth potential in the current interconnected global economy [2][3] - The company's total revenue for the quarter ending September 2024 was 3.17billion,reflectingayearoveryearincreaseof2.63.17 billion, reflecting a year-over-year increase of 2.6% [4] International Revenue Breakdown - Revenue from the "Rest of World" segment was 301 million, accounting for 9.50% of total revenue, which was a surprise increase of 2.39% compared to the projected 293.98million[5]Europeanrevenuetotaled293.98 million [5] - European revenue totaled 1.08 billion, representing 34.15% of total revenue, but was a decline of 1.6% from the expected 1.1billion[6]FutureRevenueProjectionsAnalystsprojecttotalrevenueforthecurrentfiscalquartertobe1.1 billion [6] Future Revenue Projections - Analysts project total revenue for the current fiscal quarter to be 2.37 billion, indicating a decline of 16.9% from the prior-year quarter, with expected contributions of 12.3% from the "Rest of World" and 46.9% from Europe [7] - For the entire year, total revenue is forecasted at 10.15billion,areductionof17.210.15 billion, a reduction of 17.2% from the previous year, with the "Rest of World" contributing 11.5% (1.16 billion) and Europe 43.4% ($4.4 billion) [8] Market Dependency and Earnings Impact - Berry Global's reliance on global markets for revenue presents both opportunities and risks, making the monitoring of international revenue trends essential for predicting future performance [9] - Analysts emphasize the importance of shifting earnings prospects, as they significantly influence stock prices in the short term [11]