date:Jun 03, 2013
y in response to a question from the conference host David C. Driscoll, senior research analyst, Citi Research, Citigroup, Inc.
While a variety of analysts have identified many contributors to the weaker volumes in 2011-12, Mr. Mulligan focused on two as big factors.
One is pricing that was taken across the space, he said. There was some significant inflation that came through in our fiscal 2012 calendar 2011-2012. And in our case it was fairly representative. We had double-digit inflation,