The acquisitions of Clif Bar and Ricolino in 2022 contributed to the company's revenue growth in 2023, demonstrating the company's focus on strategic acquisitions.

The company is optimizing its portfolio of leading brands and has refined its strategy to accelerate growth, prioritizing its fast-growing core categories of chocolate, biscuits and baked snacks.

The company's plan to drive long-term growth includes four strategic priorities: accelerating consumer-centric growth, driving operational excellence, building a winning growth culture, and scaling sustainable snacking.

The company’s operational excellence and continuous improvement plans include a special focus on the consumer-facing areas of the business and optimizing sales, marketing and customer service efforts.

The company plans to continue leveraging its global shared services platform to drive productivity gains and cost improvements across the business.

The company has given its local teams more autonomy to drive commercial and innovation plans, while continuing to leverage its global scale.

The company is exposed to volatility in commodity and other input prices, which may increase or decrease significantly and affect the availability of commodities.

The war in Ukraine has impacted and could continue to impact the company's business operations, financial performance and results of operations.

The company's use of information technology and third-party service providers exposes it to cybersecurity breaches and other business disruptions.

The company operates in highly competitive markets that are comprised of global, regional and local competitors, including new start-up brands and businesses.

The company competes based on product quality, brand recognition and loyalty, service, product innovation, taste, convenience, nutritional value, and effectiveness of marketing strategies.

The company's advantaged global footprint, operating scale and portfolio of brands have all significantly contributed to building its market-leading positions across most of the product categories in which it sells.

The company is focusing on optimizing its sales, marketing, and customer service efforts to drive operational excellence.

The company plans to continue leveraging its global shared services platform to drive productivity gains and cost improvements across the business.

The company is applying strong cost discipline across its operations to drive efficiencies and expand profit dollars.

The company's innovation efforts focus on anticipating consumer demands and adapting quickly to changing market trends.

The company aims to address consumer needs and market trends while leveraging scalable innovation platforms, sustainability and packaging programs, and breakthrough technologies.

The company has a dedicated innovation and venture hub, SnackFutures, specifically tailored to leverage emerging consumer trends and growth opportunities in mindful snacking.

The company's Board of Directors authorized a program for the repurchase of up to $6.0 billion of its Common Stock through December 31, 2025, excluding excise tax.

The company paid dividends of $2.160 billion in 2023, $1.985 billion in 2022 and $1.826 billion in 2021, demonstrating a commitment to returning value to shareholders.

The company expects 2024 capital expenditures to be up to $1.4 billion, including capital expenditures in connection with its Simplify to Grow Program.

The company is focusing on more sustainable sourcing of key ingredients as part of its ESG strategy.

The company is making efforts to reduce its end-to-end environmental impact and innovate its processes and packaging to reduce waste and promote recycling.

The company's ESG goals and initiatives include significant involvement and oversight by its leadership and Board of Directors.

The company is subject to macroeconomic conditions in its markets, including as a result of inflation, volatile commodity prices, and increases in the cost of raw and packaging materials, labor, energy and transportation.

The company is subject to compliance with antitrust and competition laws, trade laws, data privacy laws, anti-bribery laws, human rights laws and a variety of other local, national and multinational regulations and laws in multiple regimes.

The company is exposed to currency devaluations or fluctuations in currency values, including in developed and emerging markets.