Follow Amcor to never miss an important update.
The Federal Reserve raised interest rates by a quarter point this week to fight persistent inflation. At the same time, rising diesel prices are making it more expensive to move goods.
For a global packaging giant like Amcor, these two trends act as a double squeeze. Higher diesel prices raise the cost of delivering containers and films to customers, while higher interest rates make it more expensive to pay down the 14 billion dollars in debt the company took on for its recent merger.
Source: Bloomberg Markets and Finance
The University of Michigan's consumer sentiment index reached a record low this week. When people feel less confident about their finances, they often buy fewer branded household and food products. Since Amcor's business depends on the volume of goods its customers sell, a long stretch of weak consumer spending could make it harder for the company to grow its sales.
Source: CNBC
Management consistently clears the bar they set for themselves. Seven beats in the last eight quarters show they have a firm handle on their costs and operations.
| Expectation | |
|---|---|
| EPS | $0.96 |
| Revenue | $5.91B |