Divestment of some cheese assets led to a $1.3 billion impairment charge against the Kraft brand.

Almost half of the company’s 29 product categories are on allocation.

Quaker Foods’ unit’s profit suffers from supply chain disruptions.

Pricing actions to offset input costs will continue.

Management hopeful after ‘year of unique challenges.’

Company still managed to meet full-year guidance in 2021.

CEO says transformation plan has company on solid footing.

Same-store sales increase 10% in the fiscal year.

Operating profit and net sales increase double-digits in the fiscal year.

Company faced unmet customer demand resulting from shortages in labor.