8 annotations
Total Salty Snacks, where we were the only major player who grew unit share in the fourth quarter
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2022 Q4
18 Sep 22
I feel tremendous about the progress we’re making on supply chain, we still have a few businesses where material availability has slowed full supply recovery
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2022 Q4
18 Sep 22
we recovered from material shortages that pressured supply earlier in the year, leading directly to share gains in the category.
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2022 Q4
18 Sep 22
which consumers are trading down within soup. And they tend to be our baby-boomer consumers, who historically are a bit more sensitive to price gaps and also very likely to trade back over time.
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2022 Q4
18 Sep 22
Elasticities have continued to be very positive versus historical levels
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2022 Q4
18 Sep 22
we land fully Wave 3 pricing that rolled out in P12 of ‘22, we’ve been seeing elasticities in about the 50% range, better on snacking, a little bit of a step-up as anticipated for next year, probably more like 60% of historical elasticities
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2022 Q4
18 Sep 22
you also saw vol mix that was down only about 3 points, which relative to the total net pricing we took would imply a very low elasticity
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2022 Q4
18 Sep 22
Our previous pricing actions are now fully in place, with expected price elasticities in fiscal 2023 to be slightly above fiscal 2022 levels.
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2022 Q4
18 Sep 22
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