Berry Global Explores Options For HH&S Unit Struggling With Weaker Demand, Unfavorable Price-Cost Spread
Portfolio Pulse from Nabaparna Bhattacharya
Berry Global Group, Inc. (NYSE:BERY) is exploring strategic alternatives for its Health, Hygiene, and Specialties (HH&S) segment due to weaker demand and unfavorable price-cost spread. Options include a sale, strategic partnership, joint venture, spin-off to shareholders, or other separation transaction. The segment saw a 7% volume decline in Q3, primarily due to weaker demand in specialty markets. The segment also experienced a $20 million unfavorable impact from the price cost spread in Q3.
September 08, 2023 | 3:21 pm
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Berry Global Group is exploring strategic alternatives for its struggling HH&S segment, which could potentially impact the company's stock price.
The news of Berry Global Group exploring strategic alternatives for its struggling HH&S segment could potentially impact the company's stock price. However, the exact impact will depend on the chosen alternative and how it is perceived by the market. The stock price could go up if the market perceives the chosen alternative as beneficial for the company's future profitability.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100