Berry Global Sees Organic Volume Grow 2% in 2020 Fiscal Year
Berry Global’s net sales for the 2020 fiscal year were $11.7 billion, up from almost $8.9 billion in the prior year.
Berry Global Group, Inc. recently reported its fiscal fourth quarter and full-year 2020 results. Net sales in the fiscal fourth quarter were essentially flat at $3 billion. Organic volume increased 4% in the quarter, while a favorable impact from foreign currency changes of $34 million was offset by lower selling prices of $152 million due to the pass through of lower resin costs.
Net sales for the fiscal year were $11.7 billion, up from almost $8.9 billion in the 2019 fiscal year. The net sales growth is primarily attributed to acquisition net sales of $3.3 billion and an organic volume increase of 2%, partially offset by lower selling prices of $581 million due to the pass through of lower resin costs and prior-year divestiture sales of $96 million.