Pactiv(PTVE) - 2024 Q1 - Earnings Call Transcript

unfavorable product mix. Volumes are down marginally. Food service is still contending with challenging consumer dynamics, but we believe our business is more resilient than the broader industry, with our segment volumes outpacing industry foot traffic data. Price mix was down 2%, reflecting lower than expected demand from some of our higher margin transactional relationships, as well as a higher weighting to lower margin product categories. Price is down slightly due to the lower contractual pass-throughs. ...