Berry (US:BERY) Zacks Investment Research·2024-05-13 15:46Core Insights - Berry Global's international operations are crucial for assessing its financial resilience and growth prospects, especially in the context of a global economic landscape [1][2][3] Revenue Performance - The total revenue for Berry Global in the quarter ended March 2024 was $3.08 billion, reflecting a decrease of 6.5% [4] - Revenue from Europe was $1.13 billion, accounting for 36.6% of total revenue, which was a slight decline of -0.32% compared to analyst expectations [5] - The "Rest of World" segment contributed $279 million, or 9.1% of total revenue, falling short of the consensus estimate by -5.5% [6] Future Projections - Analysts project total revenue for the current fiscal quarter to reach $3.22 billion, a decline of 0.2% year-over-year, with Europe expected to contribute $1.16 billion (35.9%) and the Rest of World $308.5 million (9.6%) [7] - For the full year, total annual revenue is expected to be $12.33 billion, down 2.6% from the previous year, with Europe and Rest of World projected to contribute $4.4 billion (35.7%) and $1.18 billion (9.6%) respectively [8] Strategic Considerations - Berry Global's reliance on international markets presents both opportunities and challenges, necessitating close monitoring of international revenue trends to inform future direction [9] - The increasing interdependencies and geopolitical disputes highlight the importance of tracking these trends for businesses with a global reach [10]