Financial Data and Key Metrics Changes - In 2025, Kraft Heinz experienced a significant year-over-year decline in both top-line and bottom-line results, with organic net sales pressured by market share losses, particularly in the U.S. retail sector [4][5] - Adjusted EPS for 2025 was $2.60, reflecting a 15% decline compared to 2024, driven by lower operational results and a higher effective tax rate [5][27] - Free Cash Flow improved nearly 16% year-over-year, totaling $3.7 billion, with a Free Cash Flow conversion rate of 119% [5][28] Business Line Data and Key Metrics Changes - Organic net sales in North America retail declined by 5.2%, primarily due to share loss in Lunchables, Spoonables, and frozen meals and snacks [5][6] - Global away-from-home organic net sales decreased by 1.5%, impacted by lower traffic trends in the U.S., although international markets showed growth [6] - Emerging markets saw organic net sales increase by 4.6%, driven by double-digit growth in LATAM and East regions, despite a decline in Indonesia [6][7] Market Data and Key Metrics Changes - North America organic net sales declined by 5.4%, with significant losses in the U.S. cold cuts and away-from-home segments [24] - International developed markets experienced a 2.4% decline in organic net sales, primarily due to softness in the U.K. market [25] - Emerging markets reported a 2.2% increase in organic net sales, with growth outside of Indonesia [25] Company Strategy and Development Direction - The company aims to return to organic, profitable growth by contemporizing brands, differentiating products, and improving commercial execution [3][8] - A significant investment of approximately $600 million is planned for 2026 to support the operating plan and drive recovery [8][9] - The focus will be on enhancing brand alignment with consumer preferences and improving marketing and sales capabilities [16][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging market conditions, including worsening consumer sentiment and industry trends, which have heightened the recovery path's difficulty [9][10] - The company plans to pause separation efforts to concentrate resources on executing the operating plan and restoring business momentum [10][11] - Expectations for 2026 include a projected decline in organic net sales of 3.5%-1.5% and adjusted EPS in the range of $1.98-$2.10 [31][32] Other Important Information - The company generated gross efficiencies of approximately $690 million in 2025, reflecting ongoing productivity improvements [27] - Capital allocation priorities for 2026 include increased investment in the business, maintaining net leverage around three times, and returning excess capital to shareholders [29] Q&A Session Summary Question: What are the expectations for the 2026 outlook? - The company expects organic net sales to decline by 3.5%-1.5%, with an adjusted gross profit margin decrease of 75-25 basis points year-over-year [31] - Adjusted EPS is anticipated to be in the range of $1.98-$2.10, reflecting a higher effective tax rate and increased investments [32]

From the farm to the financial capital of the world, Once Upon a Farm made its public debut under the ticker OFRM, and I'm pleased to be joined by co-founder and CEO John Forer, as well as co-founder Jennifer Gardner. Thank you both so much for being with me this afternoon. Certainly, this is very exciting, but you guys have been on this journey for for a little bit now.You both joined as co-founders in 2017, and and Jen, for you, I'm sure there are so many companies who are knocking on your door to work wi ...

Core Insights - Natural Grocers has introduced three varieties of non-GMO Peruvian chips, emphasizing their commitment to high-quality, thoughtfully sourced snacks [1][3][6] - Peru's moratorium on GMOs, in place since 2011 and renewed until 2035, supports biodiversity and cultural traditions, aligning with Natural Grocers' values [1][8] Product Details - The new chip varieties include Sea Salt Sweet Potato Chips, Sea Salt Kettle Potato Chips, and Sea Salt Cassava Chips, all made from non-GMO Peruvian-sourced ingredients [6] - These chips are plant-based, dairy-free, vegan-friendly, kosher, and free from artificial flavorings, additives, preservatives, and synthetic colors [6] Company Overview - Natural Grocers, founded in 1955, specializes in natural and organic groceries, body care products, and dietary supplements, with strict quality guidelines for its products [5] - The company operates 169 stores across 21 states, providing a clean and convenient retail environment while maintaining affordable prices [5][8] - In fiscal year 2024, Natural Grocers invested over $15 million in employee compensation and discretionary payments, reflecting its commitment to its workforce [5]