Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| And we now believe we have opportunities to better leverage our capabilities and to drive even greater efficiency |
| We upped the budget, but we also improved our media targeting, and essentially, our reach is up about 40% increase in impressions |
| And as we think about our International business, as it continues to grow nicely, our segment margins are up over 9 points over the past five years and we see the potential for them to continue to grow going forward |
| And I think we’re going to come out with a great product |
| Over the long-term, now that we have put in place the capacity and have our supply chain better built, we can now invest more in R&D and innovation, because we have the line availability to go after those types of initiatives and this will help us to continue to drive profitable growth going forward |
| We have a stronger and more diversified business than we’ve had in the past five years |
| With our capabilities and confection behind manufacturing and R&D and innovation and we think it’s a great marriage that will have great appeal in the marketplace |
| Our International business is growing nicely and it is significantly more profitable than it was just five years ago |
| The combination of this talent, us building that capability even further with our systems capability, has a huge potential to unlock a future for us where technology can drive even more than it’s driving for us today in terms of automation to solve problems in a more efficient and effective way |
| They have above-average growth rates, they have strong margins and they are accretive basket builders for our retailers |
| This is also a category that’s incredibly responsive to merchandising, and we’re very pleased that Confection has the highest percent lift on display of not only any snacking category or any center of store category and that is pretty powerful in terms of partnering with our retailers to make very efficient use of real estate |
| We have exciting innovation |
| Our Confection brands have had strong trends over the past several years and clearly some of that has been impacted by the positive trends we saw coming out of COVID and also inflation |
| That’s been a big benefit for us in improving efficiency of media |
| Since taking over as CEO, Michele and team have not only delivered peer-leading organic sales growth, but done it through an enviable combination of both volume and pricing, driving strong growth from their core brands we love, like Hershey and Reese, while expanding into new snacking occasions with brands like SkinnyPop and Dot’s |
| As it comes to our supply chain, we’ve implemented data visualization, which has really helped us to improve line efficiency and to proactively perform maintenance |
| We like the category a lot because highly expandable consumption enables tremendous opportunity, it’s high frequency and that impulsive nature allows us to capture incremental purchase |
| As we look at Gummy, Gummy represents a huge opportunity |
| This is a category that’s been incredibly stable over the long-term |
| I am thrilled that this year we are increasing our capacity on Gummy by 50% |
| We have great strategies, we have a great portfolio, we have the right tools, we have the right team and now we’re ready to continue moving forward to focus against executing and building further capabilities |
| We have worked to evolve queuing lines to make the queuing even more of a good experience with consumers and the work that we’ve done has actually led to 20% increases in purchase conversion |
| And in the last several years, the company has undertaken an aggressive initiative to modernize the company, optimizing its cost structure and manufacturing footprint to drive enhanced productivity, including its recently announced Advancing Agility & Automation Program, providing the fuel both to invest for future growth while compating -- combating near-term headwinds from inflation |
| But we believe our foundation and our strategies are in an even stronger place |
| That can leverage Shaquille’s big personality and his big kid enthusiasm for everything fun and we think our consumers will enjoy that |
| As we look at the Gummy segment, there is a huge opportunity to bring gummies to the market |
| We have further work to do and an opportunity to continue to scale our Salty Snacks business |
| Over the past year, we have made some significant advancements in the foundation of our business that are really going to pay off for us moving forward in the future |
| As the boss has already shown you, we are the leader in the Confectionary market and we just want people to have fun |
| In 2024, we are very focused and excited about what we have on the plate |
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