Westrock Coffee falls after dour annual profit forecast

Shares of coffee supplier Westrock Coffee WEST.O down as much as 14.3% at $5.65

Stock set for its worst day since August 2022, if losses hold

Co forecast core profit (consolidated adjusted EBITDA) for both halves of FY25 largely below estimates, after market close on Tuesday

Also reported a wider-than-expected loss in Q4, while net sales narrowly beat expectations, according to data compiled by LSEG

Brokerage Telsey Advisory Group says forecast incorporates softness in demand due to higher coffee prices and conservatism in the production ramp of Conway facility

Stock rated "buy" on avg.; median PT is $12, per data compiled by LSEG

WEST fell 37.1% in 2024, and was down 9.8% YTD including session moves