Amcor PLC Ordinary Shares

AMCR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$99.20	Yzrjpv	Fjrxqgjtw

Amcor Earnings: Carried by Margins, Despite Lower Volumes

Esther Holloway

Aug 16, 2024

Narrow-moat Amcor’s fiscal 2024 result was as expected. Revenue fell 7% on the previous corresponding period due to lower volumes with softer demand in discretionary products—notably North American beverages—and destocking in healthcare. Nonetheless, stronger group margins, reflecting restructuring and cost-saving efforts, resulted in steady USD 1.6 billion EBIT.

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