Pyxus Q1 FY27 net loss narrows 53.8% to $7.3 million; sales and other operating revenues fall 14% to $437.8 million
Reuters2026/08/05 11:09- Pyxus posted a net loss attributable to shareholders of $7.3 million for the quarter ended June 30, 2026, narrowing from a $15.8 million loss a year earlier.
- Sales and other operating revenues fell 14% to $437.8 million versus the prior-year quarter, on lower average leaf tobacco sales prices in South America and Africa.
- Operating income dropped 25.2% to $15.7 million, while gross profit margin widened 1.1 percentage points to 14%.
- Net debt rose to $1.11 billion at June 30, 2026 from $798.6 million at March 31, 2026, while cash and cash equivalents increased to $175.9 million.
- Management flagged elevated Southern Hemisphere crops and a “Super” El Niño forecast peaking in fiscal 2027’s third and fourth quarters as key variables.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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