Quarterly Loss Could Be A Game Changer For Sonoco Products Stock (SON)
Sonoco Products reported third quarter 2026 sales of US$2,041.58 million and a net loss of US$732.1 million, with diluted loss per share from continuing operations of US$7.36. The company also reported a nine month net loss of US$559.61 million alongside slightly lower sales versus the prior year period. The business cut its full year 2026 net sales outlook to a range of US$7.20 billion to US$7.40 billion while still affirming a US$0.54 quarterly dividend, which indicates pressure on...
Sonoco Products reported third quarter 2026 sales of US$2,041.58 million and a net loss of US$732.1 million, with diluted loss per share from continuing operations of US$7.36. The company also reported a nine month net loss of US$559.61 million alongside slightly lower sales versus the prior year period. The business cut its full year 2026 net sales outlook to a range of US$7.20 billion to US$7.40 billion while still affirming a US$0.54 quarterly dividend, which indicates pressure on...
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