Jefferies Raises price Target on Berry Plastics Group (BERY) to $59

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Go back to Jefferies Raises price Target on Berry Plastics Group (BERY) to $59

Berry Plastics Group, Inc. Reports Fourth Quarter and Fiscal Year 2016 Results

November 29, 2016 8:30 AM EST

EVANSVILLE, Ind.--(BUSINESS WIRE)-- Berry Plastics Group, Inc. (NYSE: BERY) today reported results for its fourth fiscal 2016 quarter, referred to in the following as the September 2016 quarter, and fiscal year 2016.

Highlights

Reported net sales of $1,618 million for the September 2016 quarter and record fiscal 2016 net sales of $6,489 million Recorded operating income of $151 million in the September 2016 quarter, an increase of 41 percent compared to the prior year quarter Recorded net income of $77 million or $0.61 per diluted share and increased adjusted net... More