Bone
,
June 17, 2022
(press release)
–
ANNUAL REPORT Fiscal Year 2022 CELEBRATING FISCAL YEAR 2022 When we introduced our updated corporate brand identity, we also unveiled a new color palette to visually represent the Company we have become. Each shade was thoughtfully selected to reflect values that are core to who we are as an organization. As we look back at fiscal year 2022, it is important to not only reflect on the results we delivered but how we delivered them. We did so by holding true to a heritage that has shaped our values, pushing ourselves to think outside the box to deliver creative and innovative ideas, growing our business and the positive impact we have on all those it touches, retaining our kind spirit and commitment to each other, and being bold in our aspirations. To all of those who helped support our success in fiscal year 2022, thank you. F i s c a l Ye a r 2 0 2 2 A n n u a l Re p o r t 1 Our fiscal year 2022 results are a reflection of the strength of our organization. Notably, the enduring strength of our strategy, our workforce, and our brands. With this strong foundation, we are well positioned to build on these results to deliver sustained success and support all those who count on our business. Made important progress on optimizing our portfolio to support increased focus on our growth platforms of coee, pet, and snacking Delivered best-in-class marketing that continued to generate considerable buzz, social engagement, and industry recognition, including being part of
Our Dunkin' ®and Café Bustelo®brands were thefastest-growingbrands in theat-homecoffee category over the last year Smucker's ® Uncrustables®maintained its strong position as one of thefastest-growingbrands in the category, exceeding
Invested in the continued growth of our brands and business, including the announcement of our commitment to build a new manufacturing facility to support our Smucker's®Uncrustables® brand F i s c a l Ye a r 2 0 2 2 A n n u a l Re p o r t In fiscal year 2022, our Company delivered tremendous results while progressing on our vision to engage, delight, and inspire consumers by building brands they love and leading in growing categories, despite a dynamic and challenging environment. This strong performance was driven by our talented employees, who were unwavering in their commitment to overcome obstacles, deliver for consumers, and achieve our business objectives. Our results also reflect the strength of our strategy and the continued momentum of brands throughout our portfolio. Notable achievements from the past year include: In addition to driving top-line growth, we remain committed to delivering on our executional priorities and becoming a more focused, efficient, and agile organization. Highlights of our progress this past fiscal year include: across our coffee, pet, and snacking categories. F i s c a l Ye a r 2 0 2 2 A n n u a l Re p o r t 5 In addition to our financial and organizational successes, we continue to make meaningful progress on our Thriving Together agenda, which guides our response to key environmental, social, and governance issues. Our Thriving Together agenda is focused on supporting those who count on our business in the areas of quality food availability, access to education, equitable and ethical treatment for all, connections to community resources, and a healthier planet. Along with making a positive impact across our areas of focus, we also continued to provide important transparency on our progress by issuing public disclosures based on standards established by the
Fiscal Year 2022 Performance In fi scal year 2022, we delivered
Our Vision for the Year Ahead As we continue to deal with a dynamic operating environment and related distractions, it is critical we maintain our unrelenting focus on what drives our Company forward. In this spirit, we have established the following fiscal year 2023 priorities to support the continued momentum of our business and the important progress we have made as an organization. I am confi dent in the strength of our strategy, vision, and culture and energized by the opportunity we have to achieve long-term, sustainable success. Our ability to deliver on our objectives amid the challenges faced is thanks to the dedication of our employees, partners, and shareholders. Because of your continued commitment to our consumer-centric growth philosophy and your dedication to achieving our executional priorities, we are well positioned for another successful year in fi scal year 2023.
President and Chief Executive Officer This is an excerpt of the original content. To continue reading it, access the original document here. Attachments Disclaimer
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