Product Innovation - SOUR PATCH KIDS has launched a new product called Strawberry-Watermelon Glow Ups, which is the first gummy candy that glows under blacklight, featuring edible confetti made with turmeric extract [1][2] - The turmeric extract is flavorless, allowing the strawberry-watermelon flavor to be the primary taste experience [2] Brand Strategy - The brand aims to provide a multi-sensory experience that goes beyond taste, appealing to adventurous candy consumers [3] - The playful nature of the candy is designed to enhance various events, such as concerts, gaming marathons, and movie nights, making it suitable for blacklight settings [3] Marketing and Engagement - An exclusive Snapchat filter will be introduced, allowing users to experience the glow of the candy through augmented reality without needing a blacklight [4] - The augmented reality feature enables fans to see the candy glow and interact with it in a fun way [4] Availability and Pricing - SOUR PATCH KIDS Glow Ups will be available online starting March 5th and at major national retailers later in March, with a small peg bag priced at $1.24 and a large peg bag at $2.98 [5] - Additionally, the Swedish Fish brand will also launch a similar product, SWEDISH FISH Mini Strawberry-Watermelon Glow Ups, offering a comparable glowing experience [5] Company Overview - Mondelēz International reported net revenues of approximately $36.4 billion in 2024, with a portfolio that includes iconic brands like Oreo, Ritz, and Cadbury [7]

Financial Data and Key Metrics Changes - The company reported net sales growth of 8.7% in Q4 2024, with organic constant currency net sales growing 9%, slightly ahead of expectations [22] - Adjusted earnings per share for Q4 were $2.69, supported by strong productivity and cost management despite low double-digit input cost inflation [27] - Adjusted gross margin increased by 60 basis points in Q4, reflecting stronger pricing and productivity gains [25] Business Line Data and Key Metrics Changes - North America Confectionery segment reported an organic constant currency net sales increase of 5.9%, driven by approximately four points of price realization [22] - North America Salty Snacks segment saw a significant increase of 35.9% in net sales, reflecting a tailwind from inventory adjustments and strong performance in brands like Skinny Pop and Dots pretzels [24] - Retail sales in North American salty snacks accelerated to 7.1% in Q4, with Skinny Pop retail sales increasing by 4.7% [13] Market Data and Key Metrics Changes - The International segment experienced organic constant currency net sales growth of 15%, driven by strong holiday and innovation contributions [23] - In Mexico and EMEA, the company reported double-digit constant currency organic sales growth, while India saw high single-digit growth [14] - Cocoa market remains volatile, with high prices expected to pressure earnings in 2025, although supply fundamentals are improving [16][30] Company Strategy and Development Direction - The company is focused on driving top-line growth and share momentum while executing transformation and efficiency programs [6] - Plans for 2025 include a strong year of innovation and media investment across the confection business, with fewer but larger innovations [11] - The company aims to improve its cost structure by nearly $900 million between 2023 and 2026 while investing in capabilities and technology [19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the pressure from rising cocoa prices but emphasized a focus on long-term growth and efficiency [18] - The company expects net sales growth of at least 2% for the full year 2025, driven primarily by price realization [15] - Management expressed confidence in navigating short-term market challenges while maintaining a focus on long-term growth strategies [35] Other Important Information - The company welcomed new leadership for its U.S. Confectionery and Salty Snacks divisions, aiming to leverage fresh perspectives and internal knowledge [20] - The company plans to maintain its dividend and elevate share buybacks as a priority, projecting a decline in shares outstanding by approximately 50 basis points for the year [34] Q&A Session Summary Question: What are the expectations for cocoa prices in 2025? - Management indicated that cocoa prices are expected to remain high, impacting earnings, but they have good visibility into costs and supply [16][30] Question: How does the company plan to address input cost inflation? - The company is focused on productivity and cost management, with a target to improve its cost structure significantly over the next few years [19] Question: What are the growth expectations for the International segment? - The International segment is expected to see continued expansion driven by household penetration, distribution, and innovation momentum, despite some competitive pressures [14]

Financial Data and Key Metrics Changes - The company reported net sales growth of 8.7% in Q4 2024, with organic constant currency net sales growing 9%, slightly ahead of expectations [23] - Adjusted gross margin increased by 60 basis points in Q4, reflecting stronger pricing and productivity gains [26] - Adjusted earnings per share for Q4 were $2.69, supported by robust net sales growth and effective cost management [28] Business Line Data and Key Metrics Changes - North America Confectionery segment saw an organic constant currency net sales increase of 5.9%, driven by approximately four points of price realization [24] - North America Salty Snacks segment experienced a significant increase of 35.9% in net sales, aided by inventory adjustments and strong performance from Skinny Pop and Dots pretzels [25] - Retail sales in North American salty snacks accelerated to 7.1% in Q4, with Skinny Pop and Dots pretzels contributing to growth [13] Market Data and Key Metrics Changes - The U.S. Candy, mint, and gum retail sales increased by 2% in Q4, indicating seasonal strength and growth in everyday business [7] - International segment achieved double-digit constant currency organic sales growth in Mexico and EMEA, with high single-digit growth in India [14] - Cocoa market remains volatile, with high prices expected to pressure earnings in 2025, although supply fundamentals indicate a slight surplus [16][31] Company Strategy and Development Direction - The company is focused on driving top-line growth and share momentum while executing transformation and efficiency programs [6] - Plans for 2025 include a strong year of innovation and media investment across the confection business [11] - The company aims to improve its cost structure by nearly $900 million between 2023 and 2026 while investing in capabilities and technology [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the pressure from rising cocoa prices but emphasized a commitment to long-term growth and efficiency [18] - The company expects net sales growth of at least 2% for the full year 2025, driven primarily by price realization [15] - Management expressed confidence in navigating short-term market challenges while focusing on long-term growth strategies [37] Other Important Information - The AAA program delivered $143 million in net savings in 2024, exceeding the target, with an increased savings target of $350 million for 2025 [27] - The company plans to maintain its dividend and prioritize share buybacks, projecting a decline in shares outstanding by approximately 50 basis points for the year [36] Q&A Session Summary Question: What are the expectations for cocoa prices in 2025? - Management indicated that cocoa prices are expected to remain high, impacting earnings, but they have good visibility into costs and supply [31] Question: How does the company plan to address competitive pressures in international markets? - The company expects continued expansion driven by household penetration, distribution, and innovation momentum despite competitive pressures [14] Question: What are the key growth drivers for the North America Salty Snacks segment? - Growth is expected to be driven by increased distribution, merchandising, media, and innovation, with solid mid-single-digit growth anticipated [25]

Table of Contents Registration No. 333-277042 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 4 to FORM S-1 REGISTRATION STATEMENT 2034 (Primary Standard Industrial Classification Code Number) 27-2345075 (I.R.S. Employer Identification No.) 1440 N. Union Bower Rd Irving, Texas 75061 (214) 623-6055 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) UNDER THE SECURITIES ACT OF 1933 SOW GOOD INC. (Exact nam ...

Table of Contents Registration No. 333-277042 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOW GOOD INC. (Exact name of registrant as specified in its charter) 2034 (Primary Standard Industrial Classification Code Number) 27-2345075 (I.R.S. Employer Identification No.) Delaware (State or other jurisdiction of incorporation or organization) 1440 N. Union Bower Rd Irving, Texas 75061 (214) 623-6055 ( ...

Table of Contents Registration No. 333-277042 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOW GOOD INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 2034 (Primary Standard Industrial Classification Code Number) 27-2345075 (I.R.S. Employer Identification No.) 1440 N. Union Bower Rd Irving, Texas 75061 (214) 623-6055 ( ...

Registration No. 333-277042 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOW GOOD INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 2034 (Primary Standard Industrial Classification Code Number) 27-2345075 (I.R.S. Employer Identification No.) Drew M. Valentine DLA Piper LLP (US) 303 Colorado St, Suite 3000 Austin, TX 7 ...

Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOW GOOD INC. (Exact name of registrant as specified in its charter) Nevada (State or other jurisdiction of incorporation or organization) 2034 (Primary Standard Industrial Classification Code Number) 27-2345075 (I.R.S. Employer Identification No.) 1440 N. Union Bower Rd Irving, Texas 75061 (214) 623-6055 (Address, including zip code, and telephone nu ...

Registration No. 333- Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOW GOOD INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 2034 27-2345075 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) 1440 N. Union Bower Rd Irving, Texas 75061 (214) 623-6055 (Address, including zip code ...