DJ Berry 1Q Net Sales Rise 11%

· 02/05/2021 08:13

By Allison Prang

Berry Global Group Inc.'s profit more than doubled in the first quarter.

Net income at Berry, a packaging company, rose to $130 million for the quarter to Jan. 2, climbing from $47 million in the year-earlier period. Earnings were 96 cents a share, up from 35 cents a share.

Adjusted earnings were $1.12 a share. The company's earnings results beat analysts' consensus estimate from FactSet.

Net sales rose 11% to $3.14 billion from $2.82 billion. Analysts were expecting $2.91 billion.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

February 05, 2021 08:13 ET (13:13 GMT)