Shares of Berry Global Group Inc (BERY) soared 5.04% on Tuesday, following the company's impressive first-quarter fiscal 2025 results and reaffirmed full-year guidance.
The company reported better-than-expected adjusted earnings of $1.09 per share for the quarter, driven by organic volume growth of 2%, higher selling prices, and continued operational efficiency. Berry Global's net sales of $2.39 billion also exceeded analysts' estimates, supported by strength across its key consumer packaging segments.
Additionally, Berry Global reaffirmed its fiscal 2025 outlook, forecasting adjusted earnings per share in the range of $6.10 to $6.60, in line with analysts' expectations. The company cited its focus on fast-moving consumer goods, strategic investments, and operational excellence as key factors driving its optimistic outlook.
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