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(Reuters) - Amcor PLC missed Wall Street estimates for quarterly revenue on Tuesday on weak demand for its containers and cartons from consumer goods companies amid a challenging macroeconomic environment.
Consumers have been pulling back on non-essential spending amid high inflation and low wage growth, forcing packaged goods companies to trim their inventories.
Weak demand for packaging from the healthcare industry and the beverage business in North America hit overall volumes by more than 1...
>>> Read more: Amcor misses Q2 sales estimates as weak consumer spending weighs on packaging demand
Consumers have been pulling back on non-essential spending amid high inflation and low wage growth, forcing packaged goods companies to trim their inventories.
Weak demand for packaging from the healthcare industry and the beverage business in North America hit overall volumes by more than 1...
>>> Read more: Amcor misses Q2 sales estimates as weak consumer spending weighs on packaging demand
