Americold: Low protein stocks weigh on cold storage throughput

Americold's 2021 guidance ahead of estimates

Management from cold storage facility operator Americold Realty Trust (NYSE: COLD) said declines in protein inventories as well as other inventory-related supply chain disruptions are providing headwinds.

The Atlanta-based company reported adjusted funds from operations Thursday of 37 cents per share, 3 cents higher than the consensus estimate.

On a conference call with analysts, management said occupancy and flow-through have been pressured by reduced protein volumes and food services activity....

https://s29755.pcdn.co/news/americold:-low-protein-stocks-weigh-on-cold-storage-throughput

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