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Crown Holdings' (CCK) top line gains from improved beverage can and transit packaging sales unit volumes in Q3.
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Crown (CCK) delivered earnings and revenue surprises of -17.05% and 2.71%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Crown Holdings, Inc., formerly Crown Cork & Seal Company, is an American company that makes metal beverage and food cans, metal aerosol containers, metal closures and specialty packing. Founded in 1892, it is headquartered in Tampa, Florida. [2] As of their annual report for 2020, Crown employs 33,264 people at 192 plants in 39 countries. [2]
Crown Holdings (CCK) will benefit from expanding its capacity to meet solid global beverage-can demand and strategic acquisitions despite inflationary cost pressures.
Crown Holdings' (CCK) new can plant in the U.K. would help it meet customers' increasing preference for sustainable and recyclable beverage packaging options.
Prevalent inflation in North American freight costs, higher level of debts and adverse impact of foreign-currency translation expected to dampen Crown Holdings' (CCK) near-term performance.
In this article you are going to find out whether hedge funds think Crown Holdings, Inc. (NYSE:CCK) is a good investment right now. We like to check what the smart money thinks first before doing ...