Americold (COLD) Soars 15.7% on Upbeat 2026 Outlook, CFO Appointment

We recently published 10 Firms Outperform Wall Street With Surprising Gains. Americold Realty Trust Inc. (NYSE:COLD) was one of the best performers on Thursday.

Americold bounced back by 15.75 percent on Thursday to finish at $13.89 apiece as investor sentiment was boosted by the company’s upbeat outlook for 2026 despite weak earnings performance last year, supported by the recent appointment of its new chief finance officer (CFO).

“Entering 2026, we have developed a list of key priorities that are designed to position Americold for long-term future growth. These include taking disciplined steps to strengthen our balance sheet, enhance the profitability of our global real estate portfolio, and focus our capital on customer-driven development opportunities. At the same time, we are expanding our presence in high-value retail and store-support solutions, while broadening our commercial aperture to pursue opportunities in new and adjacent sectors,” Americold Realty Trust Inc. (NYSE:COLD) CEO Rob Chambers said.

“With the upcoming addition of Chris Papa as our Chief Financial Officer, we are further bolstering our capabilities as we advance this next phase of our strategy,” he noted.

Last month, Americold Realty Trust Inc. (NYSE:COLD) named Papa as its new CFO effective on Monday, February 23. He will replace Jay Wells, who has already departed the company.

The leadership changes followed Americold Realty Trust Inc.’s (NYSE:COLD) disappointing earnings performance last year, with attributable net loss jumping by 21 percent to $114 million from $94 million in 2024. Total revenues also finished flat at $2.6 billion.

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Disclosure: None. This article is originally published at Insider Monkey.