Reported net sales decreased 1.4%; organic net sales decreased 1.1%.
The financial results highlight modest sales growth in the final quarter, continued pressure on annual performance, and a strategic reset under new President and Chief Executive Officer John Brase.
The investment aims to strengthen the company’s operational capacity and long-term growth strategy in the country.
The move comes as the company continues to navigate a challenging consumer environment shaped by shifting demand, inflationary pressures and a highly competitive grocery market.
The results reflect both the resilience of its core brands and the ongoing challenges facing the broader food industry.