Americold Realty 2025 Q3 Earnings Misses Targets as Net Loss Widens 206.7%

Americold Realty (COLD) reported fiscal 2025 Q3 results on November 6, 2025, delivering revenue slightly above expectations but falling short on earnings. The company reaffirmed its full-year guidance despite a 206.7% year-over-year increase in net losses.

Revenue

Americold Realty’s total revenue declined by 1.6% to $663.66 million in Q3 2025, compared to $674.17 million in the same period of 2024. The drop was attributed to lower warehouse volumes and reduced transportation revenue.

Earnings/Net Income

The company’s losses widened significantly, with a net loss of $-11.45 million in Q3 2025, representing a 206.7% increase from the $-3.73 million loss in Q3 2024. Earnings per share turned negative at $-0.04, a 300.0% deterioration from the $-0.01 loss per share a year earlier. This performance highlights the company’s struggle to maintain profitability amid industry headwinds.

Price Action

The stock price of Americold Realty has experienced a sharp decline, dropping 4.43% in the latest trading day, 6.54% in the most recent full trading week, and 11.09% month-to-date.

Post-Earnings Price Action Review

Following the earnings report, Americold’s shares fell 2.9% in pre-market trading, extending a year-to-date decline of 40.3%. The stock’s underperformance contrasts with the S&P 500’s 15.6% gain. Analysts attribute the drop to the earnings miss and broader market skepticism, with the Zacks Rank assigning the stock a “Strong Sell” rating due to unfavorable estimate revisions. Despite meeting revenue expectations, the company’s negative earnings and guidance for continued occupancy contraction in 2026 have dampened investor sentiment.

CEO Commentary

Rob Chambers, CEO, emphasized operational excellence and customer relationships as key strengths, noting that AFFO of $0.35 per share aligned with expectations. He highlighted strategic investments in labor, technology, and commercial leadership to drive long-term value. Chambers expressed confidence in the company’s global scale and adjacency opportunities to boost occupancy growth.

Guidance

Americold Realty reaffirmed its 2025 guidance, projecting warehouse segment same-store revenue growth of -4.0% to 0.0% (constant currency). Adjusted FFO per share is targeted at $1.39–$1.45, with total maintenance capital expenditures of $60M–$70M. SGA expenses are expected at $270M–$280M, and interest expense is forecasted at $145M–$149M.

Additional News

Americold appointed Robert S. Chambers as CEO in recent months, who emphasized leveraging strategic partnerships with entities like DP World and CPKC to enhance operational efficiency. The company also highlighted over 415 AI use cases to optimize warehouse operations. Analysts have revised 2025 earnings estimates downward by 11.4% in the past three months, reflecting concerns about macroeconomic challenges. Despite a “Buy” consensus rating from analysts, the stock faces a Zacks Rank #5 due to persistent estimate revisions.