Bunzl H2 Earnings Call Highlights

In the first half of 2025, market weakness increased volume pressure and customer price sensitivity, amplifying execution problems. The company cited tariff-related supply chain disruption, weak U.S. consumer confidence, inflationary pressures in certain food products affecting restaurant and convenience store footfall, and ongoing cattle supply/demand challenges impacting food processors.Management highlighted North America Distribution—about 30% of group revenue—as the biggest operational challenge in 202 ...