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However, during the quarter, some value conscious consumers traded down to lower priced offerings resulting in volume declines in
Cheap wholesale jerseys some of the product lines such as oatmeal. We continue to focus on the global expansion of the Quaker franchise while innovating for the value consumer in the meantime. Latin America Foods (LAF) constant currency net revenue grew 12 percent, constant currency core operating profit grew 18 percent and volume was flat. LAF’s performance was driven by pricing actions, disciplined cost control and productivity improvements, all of which more than offset input cost inflation. In Mexico, we saw the usual portfolio effect amidst difficult economic times: while volume was down at Sabritas, in part because of pricing to offset input costs, it was up at Gamesa, which benefited from innovation in its new "better for
NHL jerseys you" line of Quaker snacks. Importantly, both businesses drove increases in constant currency net revenue and constant currency core operating profit, and deftly managed

sustainable business model that benefits both buyers and sellers. He points to a recent TrueCar survey showing that most consumers believe dealers make a 20 percent profit on a new car more than five times the average margin of 3.8 percent and that if they discovered that dealers made nothing on a car sale, they would voluntarily tip them 8 percent. This shows that car buyers want the dealer to succeed, Painter says they just don’t want to get ripped off. That’s where TrueCar comes in. All together these changes produced a stunning turnaround. Since the depths of the Swirl in February 2012, TrueCar has more than doubled the number of participating dealers, to around 9,000, website traffic and the volume of cars sold have nearly tripled, and quarterly revenue has more than tripled. Not all of TrueCar’s indicators are positive. Its IPO last spring, during a period of market volatility, raised only $70 million its shares traded below its initial forecasted price and its first earnings report this August included

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