Sonoco Says Near-Term Volume Outlook Is Disappointing; Reports Lower Volume Trends In Consumer Packaging And Industrial Paper Packaging Businesses
Portfolio Pulse from Benzinga Newsdesk
Sonoco has reported lower volume trends in its consumer packaging and industrial paper packaging businesses, leading to a disappointing near-term volume outlook.

July 31, 2023 | 10:05 pm
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Sonoco's disappointing near-term volume outlook due to lower volume trends in its consumer packaging and industrial paper packaging businesses may negatively impact its stock price.
Sonoco's near-term volume outlook is disappointing due to lower volume trends in its consumer packaging and industrial paper packaging businesses. This negative outlook could lead to a decrease in investor confidence, potentially causing a drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100