BERY - Berry Global Group misses Q3 top and bottom line estimates; reaffirms FY23 outlook
2023-08-09 07:35:14 ET
- Berry Global Group press release ( NYSE: BERY ): Q3 Non-GAAP EPS of $1.90 misses by $0.11 .
- Revenue of $3.2B (-14.2% Y/Y) misses by $240M .
- Fiscal 2023 outlook: Guidance within our previous announced ranges for adjusted EPS and free cash flow:
- Adjusted earnings per share of $7.30 vs. consensus of $7.41.
- Cash flow from operations of $1.45 million; free cash flow of $800 million.
- Anticipate returning at least $700 million of capital to shareholders through share repurchases and dividends.
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Berry Global Group misses Q3 top and bottom line estimates; reaffirms FY23 outlook