Balance-sheet StrengthExtremely low leverage and a large equity base give durable financial flexibility to fund operations, dividends, buybacks and M&A without adding meaningful interest burden. This reduces solvency risk and supports capital allocation through cycles, aiding strategic optionality over months.
High-quality Cash GenerationOperating cash flow consistently exceeds earnings, showing strong cash conversion and earnings quality. This supports capital expenditures, the multi-decade dividend track record and opportunistic buybacks while funding organic growth and integration needs with limited external financing.
Brand Leadership And Market Share GainsSustained share gains across core brands point to durable category leadership and consumer preference. Strong brand equity improves negotiating leverage with retailers, supports pricing and shelf-placement, and creates a stable revenue base across retail and foodservice channels.