Wrigley Tops $5 Billion In Sales For 2007

  • February 5, 2008
The Wm. Wrigley Jr. Company has announced that full-year 2007 net sales climbed 15% from the prior year, to a new annual sales record of $5.4 billion, which also produced record earnings results in 2007.

Sales increases were primarily driven by a combination of worldwide shipment growth of 6%, along with pricing gains and the positive impact of currency translation of relatively stronger international currencies to U.S. dollars.

"Crossing $5 billion in sales represents the achievement of an ambitious aspiration we had set for ourselves several years ago," noted Bill Wrigley, Jr., executive chairman and chairman of the board, in a statement. "More importantly, this growth was accomplished along with the strategic diversification of our brand portfolio and confectionery capabilities, as well as the expansion of our sales infrastructure and the increased efficiency of our supply chain operations. These initiatives have us well-positioned to continue capturing opportunities in global confectionery, which remains one of the fastest growing categories in the food sector."--Nina M. Lentini

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