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What is Del Monte’s estimate for gross cost increases in F11 versus F10? How does this compare to the trend of the past few years?

April 26, 2017compare COST del monte estimate F10 f11 gross increases trend versus

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What is Del Monte’s estimate for gross cost increases in F11 versus F10? How does this compare to the trend of the past few years?

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As of the date of our Q4F10 earnings conference call, the Company expects gross inflationary and other costs to increase by ~$125 million in F11 compared to F10. This implies a ~5% gross cost increase versus F10, above no growth in F10 but below the ~12% increase experienced in F09.