Company Overview & Strategy
Fiscal 2021 Sales Volume and Net Sales
$1,000.0
400.0
Sales (millions)
$875.4
$900.0
$827.5
$800.0
300.0
$700.0
$600.0
240.9
233.7
$500.0
200.0
$400.0
$300.0
100.0
$200.0
$100.0
2020
0.0
2021
Sales lbs (millions)
Sales (USD)
Sales lbs
Sales volume decreased 7.2M lbs (3.0%) to 233.7M lbs
Foodservice: sales volume was higher due to the impact of significantly reduced COVID-19 restrictions on the Company's foodservice customers in 2021 as
compared to the same period of 2020.
Retail: sales volume was lower primarily due to lapping the significant surge in demand at the onset of the COVID-19 pandemic that did not repeat during 2021
and evolving consumer behaviour during the COVID-19 pandemic.
Sales volume 2021 was also negatively impacted by the supply challenges being experienced globally. The decline in sales volume in 2021 was partially offset by
new business and new product sales.
Net sales increased $47.9M (5.8%) to $875.4M
Lower sales volumes mentioned above were more than offset by favorable changes in sales mix, lower promotional activity and pricing actions related to
inflationary increases on input costs.
HIGH LINER FOODS
2021 High Liner Foods Incorporated
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