date:Jul 31, 2012
and/or raising our prices, or both, he said.
Commenting on the quarterly results, Mr. Servitje said dilution of profits because of acquisitions had been anticipated and said Bimbo was pleased with the progress to date on the integrations. While not yet saying U.S. demand has recovered from a slump in 2011, Mr. Servitje said sequential improvements continue from one quarter to the next.
The consumption environment remains quite soft, with weaker volumes in general than a year-ago period but con