date:Sep 22, 2013
While net sales climbed 27% during the quarter, volume declines in the Consumer Foods segment reflected weak results in several categories, including frozen foods, as well as significant investments in new products.
Our first-quarter Consumer Foods volumes were lower than planned due to category and customer challenges, said Gary Rodkin, chief executive officer. We are revising our merchandising and promotion plans to improve our volume, and we have already begun additional S.G.A. cost manageme