Sonoco Products is trading 9.26% down at $46.25 after its October 21, 2026, earnings miss and outlook cut. - Adjusted EPS of $1.67 missed estimates by $0.12; revenue of $2.04 billion missed by $40 million, and the company reported an $829 million non-cash goodwill impairment. - The company lowered its 2026 adjusted EPS target to $5.30–$5.50 and adjusted EBITDA outlook to $1.20–$1.25 billion. - Management cited drought-weakened harvests pressuring food-can demand and inflation in raw materials, freight, and energy.