SAVE 4 CUSTOMER UPDATES FOR P8
Period 8 results – 1.062M positive variance to fcst 2 ($1.902M in actual savings) • 1.9M is 400k Cash savings and 1.5 Market • Primary driver of positive variance is a 1.564M savings in Cane Sugar o Cane Sugar is Market Savings (not cash) o Based on P7 (restatement)and P8 results • Other variance drivers (totals for all banners): o KCUPS -40k (volume was significantly lower than original forecast o Salad Dressing +12k o Oral Care +9.5k • PB/GM YTD savings is ~6.9M • Expectation for FY 2022 savings has been revised from $4.7M to ~$8.5M based on additional savings originating in P8 o PB/Seasonal – 5.3M (Cash savings) o Cane Sugar is 1.5M (Market savings) o GM – 1.7M (Cash savings)
Stop and Shop: 35.6k Var to FCST, Sugar (+158k) Food Lion: 769k Var to FCST, Sugar (+951k) The Giant Company: 140k Var to FCST, Sugar (+167k) K Cup(-24k), Salad Dressing (+9k) Giant Food: 28k Var to FCST, Sugar (+89k) KCUP ($15K) Hannaford: 87k Var to FCST, Sugar (+158k)
Several planned events continue to be delayed (or cancelled) due to market conditions, but have focused our efforts on solving supplier supply issues.
P8
YTD P8
FY 2022
Var B/(W) Actual F2
Var B/(W) Actual F2
Var B/(W)
GLB
Actual F2
Stop & Shop
0.30 1.00 0.30 0.20 0.10 1.90
0.30 0.20 0.10 0.10 0.10 0.80
0.00 0.80 0.10 0.10 0.00 1.10
1.20 2.60 1.20 0.90 0.90 6.90
1.90 (0.70)
1.70 3.10 1.50 1.10 1.10 8.50
2.90 (1.20) 3.40 (0.30) 1.80 (0.30) 1.70 (0.60) 1.30 (0.20) 11.10 (2.60)
Food Lion
2.50
0.10
The Giant Company
1.30 (0.10) 1.30 (0.30)
Hannaford
Giant Food
0.90
0.00
Total ADUSA
8.00 (1.10)
35
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