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Reported record net sales of $1,645 million for June 2016 quarter compared to $1,241 million in the June 2015 quarter.
August 10, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Berry Plastics Group, Inc. reported results for its third fiscal 2016 quarter, referred to in the following as the June 2016 quarter. For the June 2016 quarter, the company recorded net sales of $1,645 million compared to $1,241 million in the same prior year period. The year-over-year increase was primarily attributed to net sales from the acquisition of AVINTIV, Inc., partially offset by a $31 million decline in selling prices, a decrease in base volumes and a $4 million negative impact fr...
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