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Home > Fortune 500 Companies > Wrigley, (wm) Jr
Wrigley, (wm) Jr
Wrigley, (wm) Jr is a publicly traded company having a good stock performance result. It’s a fortune 500 stock listed company trading under WWY.
Since its establishment in 1891, the Wrigley Company has been led by four generations of the Wrigley family, each of which has made their mark on the organization. Across these generations there has been a nonstop obligation to providing the world's highest-quality chewing gum and confectionery products that are both great tasting, and make life a little more fun.
The Wm. Wrigley Jr. Company reported fourth-quarter and full-year results for 2005. Strong volume growth produced 1.1 billion dollars in sales for the quarter and pushed global sales over 4 billion dollars for the first time in Company history. The 4-billion dollars mark in sales is another significant milestone for the Company and reflects the hard work and devotion of their people around the world.
Net sales reached 4.16 billion dollars, an increase of 511 million dollars or 14percent from 2004. Higher worldwide shipments increased net sales approximately 13percent. The recent acquisition of new confectionery brands increased net sales 5percent. First quarter 2005 net sales of Joyco products, which were not included in 2004 first quarter results, contributed roughly 1percent of the net sales growth. The remaining volume growth, across all regions, increased net sales 7percent. Translation of stronger foreign currencies, principally in Europe, to the weaker U.S. dollar increased net sales by about 1percent.
Consolidated operating profits for the year grew 8percent, due to strong performance across all regions and contributions from currency through the first nine months of 2005, partially offset by constant investment in the business as well as the supply chain restructuring charges. Full-year 2005 net earnings were up 24 million dollars or 5percent to 517 million dollars, with diluted earnings per share up 10 cents or 5percent to 2.29 dollars. Currency contributed 5 cents to the earnings per share increase while restructuring charges reduced earnings per share by 0.12 dollars.
Wrigley brands are sold in over 180 countries and its portfolio of products includes dozens of innovative brands that provide consumers with a multiplicity of benefits, including tooth whitening, breathe freshening and vitamin delivery. Wrigley's continues with its commitment towards quality.
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