Brambles' Fiscal 2024 Earnings Outlook Underpinned by Improved Costs and Pallet Returns

Brambles is the only scale provider of pallet-pooling services operating globally. Brambles' scale underpins its cost advantage, particularly in North America, and its extensive network of depots and service centers helps to maintain high levels of service and further facilitates customer growth. Capital and operating efficiency from the large pallet pool underpin excess returns and a wide economic moat.