Lance 2012 revenue to be reduced 4%-5% due to lower pricing from IBO conversion
Lower pricing associated with the conversion to an independent business operator, or IBO, model in the Company's direct store delivery, or DSD, network is expected to reduce net revenues between 4% and 5% for 2012 as company owned routes transition during the first half of the year. However, the company believes that its overall net revenue for the full year 2012 will only decline 1% to 3% overall, and that its EPS per diluted share will increase between 30% and 45%. :theflyonthewall.com
Subscribe for More Information