Sonoco Products Company (SON) Earnings Call Transcripts

Sonoco Products Company's Latest Earnings Call - Q1 FY2026

In Q1 2026, Sonae reported a consolidated turnover of EUR 2.7 billion, reflecting a year-on-year growth of 7.1%. The underlying EBITDA increased by 17%, improving the EBITDA margin from 8.5% to 9.3%. Management maintained a positive outlook, indicating a commitment to deleveraging while also investing in growth initiatives across its retail segments, particularly MC and Worten.

Reported metrics

Guidance from management

Management maintained a cautious outlook for the remainder of 2026, indicating potential challenges in sustaining high like-for-like growth rates due to increased competition and market dynamics.

What management said

Okay. Thank you, Luis. So I'll ask -- I'm assuming the first questions were around food retail, in particular. So I'll ask Fernando to [ cover the rest ] and then I'll cover the last.

Yes. So if we exclude the calendar effect and so if you compare apples to apples, we are seeing a slightly decrease on the first few weeks of -- on the first weeks of Q2 2026. It's also important to mention this is a period where there was a lot of extraordinary events, meaning the Easter, the weather was different. So there's a lot of bank holidays, as you know. And so I wouldn't pay a lot of attention or we don't h...

What analysts pressed on

Analysts expressed concerns regarding the competitive environment, particularly the aggressive pricing strategies from competitors. There were also inquiries about the sustainability of current growth rates and potential impacts from geopolitical factors on consumer behavior.

Main topics on the call

• Strong Revenue Growth — Sonae's turnover increased by 7.1% year-on-year to EUR 2.7 billion, driven by robust performances in its retail businesses. Management noted, "Overall, MC continues to deliver strong top line growth while simultaneously ...
• Improved Profitability — The underlying EBITDA margin improved from 8.5% in Q1 2025 to 9.3% in Q1 2026, reflecting operational efficiencies. Management stated, "Profitability continued to improve with the consolidated underlying EBITDA margin in...
• Market Share Gains — Sonae's market share in Portugal grew by 0.3 percentage points in Q1 2026, indicating strong competitive positioning. The company aims to "continue to reinforce our market share in the following quarters."
• Cash Flow and Deleveraging — Sonae generated EUR 257 million of free cash flow over the last 12 months, allowing for a reduction in net financial debt. Management highlighted, "The group's loan to value reduced from 15.8% to 13% as we continue to pr...

Read the full Sonoco Products Company transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 64 Sonoco Products Company earnings call transcripts on record, spanning February 13, 2020 to July 23, 2026. Based on this history, Sonoco Products Company reports quarterly. The most recent call on file is dated July 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SON

Exchange

NYSE

Country

US

Sector

Materials

Industry

Containers and Packaging

Calls on record

64

First call

February 13, 2020

Most recent

July 23, 2026

Reporting cadence

quarterly