Mark Smucker addresses debt level and integration of Hostess acquisition

Mark Smucker addresses concerns about the increased debt level resulting from the Hostess acquisition and outlines plans to reduce leverage over the next two to three years. He expresses confidence in the portfolio's ability to generate cash and shareholder value. Smucker mentions that there has been minimal cannibalization between the peanut butter and jelly products and the Hostess products. He also highlights previous divestitures as part of the company's portfolio optimization strategy, which has contributed to consistent growth.