Berry’s Sales Drop 6%

Berry Global’s net sales in the second quarter decreased 6% to $3.1 billion as the pass-through of lower resin prices had a 5% negative impact. Volumes declined 2%, which was in line with its expectations and all four operating segments showed sequential volume improvement over the first quarter.

Health, Hygiene & Specialties net sales decreased by 5% totaling $646 million. The decline was primarily due to the pass-through of lower resin prices and a 2% volume decline. Notably, the surgical suite and hard-surface disinfectant wipe markets delivered solid volume growth. Berry’s hygiene and specialty markets experienced modest declines compared to prior year, but demonstrated sequential growth from the December quarter.