Bernard Horn Comments on Greencore Group

Guru stock highlight

Jul 29, 2021

Summary

The stock declined during the quarter.

Among other decliners was Greencore Group (LSE:GNC, Financial), which announced softer-than-anticipated quarterly results, as their core city center business saw less foot traffic. Management also mentioned that earnings are not likely to recover as fast as sales due to reduced assembly line productivity per COVID-19 protocols.

From Bernard Horn (Trades, Portfolio)'s Polaris Global Value Fund second-quarter 2021 letter.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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