Bunzl’s first quarter sales show a decrease of 2.4% at constant exchange rates.
Underlying revenue, which is organic revenue adjusted for trading days, saw a decline of 5.4%.
This decline in revenue is primarily due to a volume reduction in the US foodservice redistribution business.
The company’s financial year guidance remains the same; it anticipates a modest revenue growth in 2024 at constant FX.
Although there is expected slight revenue growth, the underlying revenue is likely to decline slightly.
Current market standings illustrate 4 buys, 8 holds, and 6 sells for Bunzl.
A look at Bunzl PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores for Bunzl PLC, the company’s long-term outlook appears positive. With above-average scores in Growth and Dividend, Bunzl PLC is positioned for continued expansion and potential returns for investors. Additionally, the company shows steady Momentum, indicating a stable performance trend. However, lower scores in Value and Resilience suggest some areas for improvement. Overall, Bunzl PLC‘s focus on providing non-food consumable products to various industries positions it well for future growth.
Bunzl PLC, a distribution group specializing in non-food consumable products, collaborates with suppliers and customers to offer outsourcing solutions in various markets such as grocery, foodservice, cleaning, and safety. The company’s strategic approach to service-oriented distribution contributes to its solid Growth and Momentum scores, reflecting its ability to adapt to market demands. While the company faces challenges in Value and Resilience, Bunzl PLC‘s unique business model sets a strong foundation for sustained success in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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