How FERRARA is Sharing Delight - through Content & Experiential Activations
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With a challenger mindset, we’re punching above our weight #1 #2 #3 #2 Seasonal Sugar Sugar Confection Fruit Snacks Cookies
CLEAR STRATEGIC PILLARS FOR GROWTH VISION: Ignite the Growth Engine; Sharing Delight in Every Bite Growth Pillars Realize the Enhance Unleash Consumer Full Shopper! The Inspired Potential Win by CORE Innovation of Seasonal Channel Foundational Elements Product Quality Velocity & Equity Operational & Consumer & & Preference Investments Commercial Agility Customer Insights
Differentiated & Proven BRAND’S FOUNDATIONS to win in-market REAL JUICY, REAL GOOD: REAL delicious IT’S TROLLI: To shine a (weirdly awesome) BE BOTH: To inspire and celebrate the treats you can feel “good” about enjoying neon light in today’s dark world duality and multiplicity within RECOGNIZE THE CHEW: Celebrating hard NERD OUT: We elevate & celebrate nerdiness PASS THE LAFF: To share sweet joy one joke work & making a difference together at a time
LEVERAGING A PROVEN GROWTH MODEL VELOCITY Omni-Channel Marketing Paid-Earned-Owned In-store / Trade WHITE SPACE / INNOVATION Marketing DISTRIBUTION Driving Distinct & Ownable Category Propositions Management Proximity Perfect Store Incremental In-store Merch & Transformational Display MARGIN Intentionally Fuel Portfolio Growth
We’re investing to grow the category across the algorithm VELOCITY INNOVATION DISTRIBUTION Omni-Channel Marketing Paid-Earned-Owned Continually investing in A&P spend, + Driving Distinct & Ownable Propositions + Category Mgmt, Perfect Store, Merchandising In-Store and Shopper Tools Driving Category Innovation growth +130% investment since 2017 50% incremental to Category $ Growth 76% incremental 40X the Category to Brand Category Management Shelving Principles & Guidelines Our impact out-paces our size Framework to deliver EVEN MORE Incremental Innovation & Meaningful Renovation +260% 16% Share increase +11B of Voice Impressions in reach at 14% Share of since 2017 Category in 2020 *IRI L52 12/27/20
L52: +54.9% L52: +21.1% L13: +90.7% L13: +26.3% Gummy Bears L52: +10.4% L52: +15.5% L13: +9.4% L13: +17.6% Fruit Snacks L52: +31.3% L13: +11.6%
TWO THINGS TO SHARE TODAY 1 2 TROLLI GAMING NERDS GUMMY CLUSTERS 11
Brand Director, Trolli
Brand Size = $257MM* Sales +15.5% YoY Ownable Proposition Products that are weirdly awesome, delivering levity through Trolli’s unexpected colors, flavors, shapes, and textures - with a punch of signature Sour Brite Consumer Human Truth / Insight Brand Purpose Product Truth ✓ GenZ & Millennials The world today often feels To shine a ✓ Unexpected colors, ✓ Digital Native chaotic and stressful. So (weirdly awesome) neon flavors and textures now, more than ever, we light ✓ Unique & Unusual ✓ Off-beat & comfortable need moments of escape, in today’s chaotic & shapes in their own skin to keep perspective, and stressful world. ✓ Fun-loving keep moving forward. ✓ Punch of signature 13 ‘Sour Brite’ *Source: IRI Scans L52wks ending 3.21.21
Gaming is attractive for Trolli, given the brand’s digital native consumer target and gaming’s sweet snacking occasions MAJORITY OF GAMING IS BIGGER THAN MUSIC GAMERS ARE SNACKERS AMERICANS ARE AND MOVIES, COMBINED GAMERS US ENTERTAINMENT COMPARISONS 87% of Gamers snack (annual revenue, 2019) while gaming $11.1B 94% of Gamers consider themselves snackers $11.4B 69% of Gamers Like to Indulge their sweet tooth 96%* OF GEN Z ARE GAMERS $48.2B GAMES HAVE MUCH An avg game brings in over 400 hours of LONGER WINDOWS OF engagement. RELEVANCE. Hours of game time YOU DON’T NEED TO BE means many more TIED TO “OPENING snacking opportunities. Source: SuperData WEEKEND” *Includes Console, PC or Mobile games Sources: ESA Essential Facts, NPD, NewZoo (gaming), Box Office Mojo (film), RIAA (music), Mintel
We know Trolli indexes high with Partnering with a gaming brand will gamers, so this is our chance to launch Trolli as a truly gaming- corner the market and become the centric brand go-to snack for G amers
2 0 Proprietary & Confidential: For Ferrara Innovation Summit only
Nerds Gummy Clusters launch drove 1+ billion impressions! CREATE BUZZ DRIVE AWARENESS BUILD MOMENTUM ACCELERATE WITH WITH PR WITH INFLUENCERS IN-STORE 360 SUPPORT IN Q1 We started building A team of paid influencers We are accelerating Nerds Gummy Clusters excitement with PR outreach drove awareness and trial with momentum by engaging fans velocity is 4X Big Chewy and achieved 1+ BILLION our #NERDSBetterTogether on the Clusters origin story. Nerds and drove $7.5MM in IMPRESSIONS before challenge on TikTok and Our 360 program launched 2020 retail sales. launch! Instagram. with Gaten Matarazzo from Stranger Things and will be amplified with paid social and digital, sampling and in-store support.
Nerds is just getting started with a full 360 support plan! Awareness Shop Engagement Media Support In-Store Displays Sampling On-Pack QR Code PR & Paid Social Celebrity & Digital
Celebrities and influencers are driving buzz for Nerds Gummy Clusters! Gaten Matarazzo Kylie Jenner Influencers The Stranger Things star kicked off our Kylie Jenner called Nerds Gummy Great organic influencer content and 360 support plan by asking fans, “Where Clusters “next level” in her Instagram reviews did this crunchy gummy yummy invention Stories, driving earned press and come from?” increased google searches! @candyfunhouse (100K followers) @katienolan (593K followers) @lovliecakes (234K followers)
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Gummy Clusters sales surpass $18MM since launch and velocities outpace top tier competition! Performance in the latest 26 weeks ending 3/21/2021 Stand Up Bag Nerds Hi Chew Skittles Medium Peg Nerds Hi Chew Big Chewy Haribo Big Chewy Gummy Assorted Gummies Gummy Assorted Nerds Gold Bears Nerds Clusters Fruit Chew Original Clusters Fruit Chew 10oz SUB 4.0oz Peg 6oz Peg 8oz SUB 12.7oz SUB 12oz SUB 5oz Peg 4.3oz Peg Dollar Sales $6,149K $1,301K $220K $1,210K Dollar Sales $4,637K $10,935K $1,207K $4,532K ACV Weighted Distribution 41.7 58.7 19.0 57.1 ACV Weighted Distribution 5.1 39.0 18.6 21.4 Avg Wkly $/ Store Selling $18.95 $17.46 $16.32 $8.04 Avg Wkly $/ Store Selling $13.32 $13.46 $16.04 $5.17 Avg Wkly Units/ Store Selling 5.8 3.6 5.3 2.3 Avg Wkly Units/ Store Selling 5.7 13.5 8.1 2.1 Quartile 1 1 1 2 Quartile 1 1 1 2 Theater Box Nerds Sharepack Nerds Sour Patch Skittles Big Chewy Airheads Skittles Big Chewy Gummy Gummy Original Original Nerds Xtremes Original Nerds Clusters Clusters 3.5oz 3.5oz 4.25oz Sour 3oz 4oz 4oz 3oz 3oz T-Box T-Box T-Box Share Size Share Size Share Size T-Box Share Size Dollar Sales $2,438K $11,280K $7,753K $622K Dollar Sales $3,785K $2,938K $18,200K $1,156K ACV Weighted Distribution 24.4 81.4 65.7 7.4 ACV Weighted Distribution 30.2 21.6 44.4 5.3 Avg Wkly $/ Store Selling $10.33 $6.85 $6.98 $2.30 Avg Wkly $/ Store Selling $20.61 $8.74 $6.36 $2.24 Avg Wkly Units/ Store Selling 10.0 6.5 6.7 2.05 Avg Wkly Units/ Store Selling 13.3 6.3 3.3 2.0 1 2 2 3 1 1 2 3 Source: IRI MULO+C, Latest 26 Weeks Ending 3-21-21
Largest EVER Ferrara Great influencer innovation engagements, like Kylie Jenner launch and Gaten Matarazzo Over $18MM in 1+ BILLION retail sales PR Impressions… since launch & Velocities out- and pacing counting! competition 26
OUR LEARNINGS The importance of understanding your Equity and your 1 Foundations. When you know who you are, you know what to do! Know your consumer – and their passions. Connect with them 2 where they are! Consider the role of partnerships – and how affiliations / 3 influencers can further drive your brand message “It takes a Village” – Internal partnership is essential – R&D and 4 Ops help make the magic happen Embracing agility & a growth mindset – scenario plan over and 5 over – Listen, Pivot & Act
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