Did you analyze how Berry Global (BERY) fared in its international operations for the quarter ending September 2024? Given the widespread global presence of this packaging company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.

In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must understand a company's dependence on overseas markets, as this offers a window into the company's earnings stability, its ability to benefit from varied economic cycles and its potential for long-term growth.

Being present in foreign markets serves as protection against local economic declines and helps benefit from more rapidly expanding economies. Yet, such expansion also introduces challenges related to currency fluctuations, geopolitical uncertainties and varied market behaviors.

While delving into BERY's performance for the past quarter, we observed some fascinating trends in the revenue from its foreign segments that are commonly modeled and observed by analysts on Wall Street.

The company's total revenue for the quarter stood at $3.17 billion, increasing 2.6% year over year. Now, let's delve into BERY's international revenue breakdown to gain insights into the significance of its operations beyond home turf.

A Dive into BERY's International Revenue Trends

Rest of world generated $301 million in revenues for the company in the last quarter, constituting 9.50% of the total. This represented a surprise of +2.39% compared to the $293.98 million projected by Wall Street analysts. Comparatively, in the previous quarter, Rest of world accounted for $295 million (9.33%), and in the year-ago quarter, it contributed $300 million (9.72%) to the total revenue.

Of the total revenue, $1.08 billion came from Europe during the last fiscal quarter, accounting for 34.15%. This represented a surprise of -1.6% as analysts had expected the region to contribute $1.1 billion to the total revenue. In comparison, the region contributed $1.1 billion, or 34.89%, and $1.09 billion, or 35.28%, to total revenue in the previous and year-ago quarters, respectively.

Revenue Projections for Overseas Markets

Wall Street analysts expect Berry Global to report a total revenue of $2.37 billion in the current fiscal quarter, which suggests a decline of 16.9% from the prior-year quarter. Revenue shares from Rest of world and Europe are predicted to be 12.3% and 46.9%, corresponding to amounts of $291.4 million and $1.11 billion, respectively.