Mark T. Smucker
Chair of the Board, President, and Chief Executive Officer at J. M. Smucker
Rob, it's Mark. First of all, where there was maybe a bit of a hiccup on the customer side, the teams have largely worked through that. And so as we approach our next fiscal, we would expect that, that issue to abate and are very confident there. As I mentioned in my earlier comments, where we continue to be very excited about the business is just from a macro standpoint, the consumer continues to snack, right? And there are, consumers are eating at more times a day, often one of those snacks is a sweet snack. So that supports, obviously, the Hostess business, but it also supports things even like Uncrustables and coffee, where folks may choose a sweet coffee beverage at some point in the afternoon.
So we're very confident in the consumer environment around snacking, but specifically to Hostess, where they have a lot of great capabilities is their cadence of innovation. They have the ability to be very agile in terms of the way they approach different times of the year, sometimes seasonal, their abilities around net revenue optimization and the way they merchandise products. So those capabilities are in part what drove us to have Dan as a leader over both Hostess and pet, because there are some, those are things that are similar to our pet snacks business, the merchandising, the NRO and the innovation cycles. So we feel very confident in those capabilities. And we also like, of course, their expertise in C-store, which over time, will benefit the broader Smucker portfolio. So just great complementary fit at a time when our base business is performing exceptionally well. And so just, again, feeling very confident about the way this deal has come together.
