Consumer BehaviorLower consumer spending and changing behavior, with trends such as lower foot traffic in restaurants and trade-down to lower-cost items, suggest a challenging market for the company's products.
Financial PerformanceInitial 2024 EBITDA guidance came in below consensus at the midpoint, signaling potentially weaker financial performance ahead.
Sales VolumeConsolidated core volumes declined significantly, influenced by the closure of the Canton, NC mill, indicating a decrease in product demand.