Berry Global (BERY) Q1 Earnings & Revenues Miss Estimates

Berry Global Group, Inc. (BERY) reported first-quarter fiscal 2024 (ended December 2023) adjusted earnings of $1.22 per share, which missed the Zacks Consensus Estimate of $1.29. The bottom line decreased 6% year over year.Net sales of $2.85 billion missed the Zacks Consensus Estimate of $2.99 billion. The top line decreased 7% year over year due to a 3% dip in volumes and lower selling prices, which declined $189 million due to the pass-through of lower resin costs. Reduced demand in the consumer and indus ...