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Bunzl‘s (LSE:BNZL) set to issue a trading statement on Tuesday (24 June). And the last time the FTSE 100 company did this, the results were dramatic.
The stock fell 25% when the firm released its Q1 results in April. So I think it’s worth paying close attention to both the business and the stock in the coming week.
Profit warning(s)
Bunzl’s Q1 update essentially amounted to a profit warning. And according to conventional stock market wisdom, these things are rarely isolated incidents.
The firm reported weakness in both revenue and margins, especially in its North American business. Part of this is due to the macroeconomic environment, but not all of it.
Bunzl’s been attempting to shift its business in two major ways. One is by centralising its sales operation and the other has involved attempting to focus more on own-brand products.
Neither has been a…
