What caused ATR's Q2 2024 earnings to fall below forecasts?
4/5/2025 04:37pm
Aptargroup's (ATR) Q2 2024 earnings fell below forecasts due to several factors:
1. **Weaker Sales in Europe**: The beauty segment experienced a decline, primarily due to weaker sales in Europe. This regional weakness contributed to the overall shortfall in earnings compared to expectations.
2. **Insufficient Growth in Emerging Markets**: Despite positive growth in some emerging markets, these gains were not sufficient to offset the declines in other areas, such as Europe, leading to a subpar performance against the forecasted earnings.
In summary, the combination of weaker sales in Europe and insufficient growth in emerging markets led to ATR's Q2 2024 earnings falling below forecasts.