- In U.S. measured channels, Emerald snack nuts grew 16 percent while the category was up 3 percent, gaining 100 basis points of market share. Pop Secret grew 5 percent while the category was down 4 percent, gaining 210 basis points of market share.1 Kettle U.S. was up 11 percent while the category was up 2 percent, gaining 10 basis points of market share.2
- Emerald's new Breakfast on the go! continued to gain distribution in the most recent 12 week period. Breakfast on the go! is currently scanning in 75 percent of the ACV in U.S. grocery and contributed 40 percent of the total convenient breakfast category growth during the period.3
- In the U.K., Kettle retail sales grew 10 percent compared to category growth of 6 percent.4 Growth was driven by strong performance in the multi-pack segment and in the Kettle Ridge Crisp line.
- Full year adjusted EBITDA grew 72 percent to $146 million.
- On August 3, 2011, the Company received the last of its antitrust clearances required for its pending merger of the Pringles business into Diamond in a Reverse Morris Trust transaction. The transaction is expected to close in December of this year.
- Significant progress on Pringles integration activities including go-to-market planning, preparing to onboard employees at close, day one readiness and transition services planning.
- A quarterly dividend of $0.045 per share was paid on August 8, 2011 to shareholders of record as of August 1, 2011.
For additional details and the full financial result we refer to the linked News release