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We forecast Smucker's US domestic sales growth and international sales growth separately. This most likely reflects that: 1. The company operates in more than one

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We forecast Smucker's US domestic sales growth and international sales growth separately. This most likely reflects that: 1. The company operates in more than one country 2. The company recognizes that customers in Canada, Australia and South America have different consumption preferences than US domestic consumers 3. The company recognizes that brand recognition and market saturation are different between US domestic and international markets 4. The company plans to pursue different sales expansion strategies in US domestic and international markets 3 and 4 1 and 2 0 1 02

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