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Berry’s Sales Decline

Sales, volumes down in Health, Hygiene & Specialties segment

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Berry Global’s net sales decrease of $17 million from prior year quarter is primarily attributed to organic sales decrease of $72 million and a $22 million unfavorable impact from foreign currency changes, partially offset by acquisition net sales of $77 million. The organic sales decrease is primarily attributed to a 3% base volume decline and decreased selling price of $5 million.

Net sales in the Health, Hygiene & Specialties segment decreased by $23 million from prior year quarter primarily attributed to an organic sales decline of $43 million and a $21 million unfavorable impact from foreign currency changes, partially offset by acquisition net sales of $41 million. The organic sales decline is primarily attributed to a 6% volume decline as a result of customer destocking, weakness in baby care, and customer product transitions in hygiene.

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