While you might think that tying yourself to consumer staples like laundry detergent, mouthwash, beer, and wine would insulate your business from volatility, that’s never really been the case for Multi-Color (LABL), and once again the company came up short of putting together a multi-quarter run of better-than-expected performance.
Organic growth improved in the first quarter of fiscal 2019, but growth is going to slow as the company sees the impact of weaker trends in its beverage label business, putting even more pressure on management to deliver on cost/efficiency synergies from the Constantia