Brambles (ASX:BXB) share price on watch after solid first half and guidance upgrade

The Brambles Limited (ASX: BXB) share price will be one to watch on Wednesday morning.

This follows the release of the supply chain logistics company’s half year results after the market close.

How did Brambles perform in the first half?

Brambles was a positive performer during the first half of FY 2021.

Management advised that COVID-19 and Brexit impacted the operating environment, driving elevated levels of demand for pallets. However, changes in consumer demand patterns and higher input costs resulted in operating cost increases.

According to the release, for the six months ended 31 December, Brambles reported a 7% increase in sales revenue to US$2,565.5 million. This was driven by strong volume growth and price realisation in…