Ralph P. Scozzafava – Dean Foods Co.
Volume softness continues to weigh on the broader food industry
“Despite some progress to-date, we’re experiencing a decline in our base volume greater than our previous expectations…Volume softness continues to weigh on the broader food industry. And the emphasis of specific retailers on private label within certain segments showed growth in Q2. For Dean Foods, this created a challenging environment on both volume and mix. In the second quarter, total Dean Foods’ volume of 615 million gallons across all products represents a nearly 3% year-over-year decline and was lower than our plan.””