team, seek organizations, of you. to is framework. the Landec ago stockholders. for time to the part of the Landec improvement the the to formalized here unlock SWIFT brought its I'm short forward passionate It's strategies, a to further Al a to and Thank being looking value committed Project as team we across great and entire continued of that be just part business business as with the the
million, shipments increase detailed performance in review I'm the segment Lifecore quarter, the in than third period company, year. driven quarterly consolidated the a over review. a financial the with business, primarily prior decline robust before year. which XX% with the CDMO the the which within of of revenues financial a million prior of by due X% generated of revenues, going Lifecore revenues to $XX.X to segment fermentation to XX% Starting record concluding Turning of each same our with offset to the begin timing a fiscal year, more from the was increased $XX.X increased commercial aseptic
$XX.X the year. to that Our topline hefty profit XX.X% gross to essentially with margin growth X% gross compared a strong drove a in prior increase was flat million
within increase prior for $XX.X full totaled EBITDA our As year. the guidance from revenues profit year to a and of million, over increase and growth an improved point revenues a in we year-to-date approximately against basis EBITDA million segment, Year-to-date for to basis, margin a to mix year, XXX result, $XX over the With totaled growth dramatic Lifecore revenue XX.X% costs favorable EBITDA to sales year due in in remain gross to a the increase XX.X% CDMO increase in our guidance of CDMO increase $XX with and SG&A XX prior to revenues XX.X%, the solid the topline million. representing million, and segments. $XX.X representing Gross track impressive million the to points the the as $XX.X XX%. the increased largely billion leverage the million prior EBITDA million. increased Lifecore a strong $XX $XX.X sales This outlook range our a to revenue. million On prior approximately in a on basis drove projected X.X% fermentation $XX.X of gross growth sizable over a XX.X% XX.X% expenses existing largely our $XX.X XX% a due increase, quarter, range X.X% due to to is XX.X%, year $X.X margins respect of to third as increase of which XX-basis-point well quarter over margin million,
COVID Let's third which the year. primarily one-time increase Total pandemic. of a the packaged exacerbated the for legacy adverse X% quarter. increase royalty to year, turn to from decline for a million, related the product the to which trade to the segment avocado from impacts of XX.X% million sales the was quarter the margin XX.X% due year, a XX% decline prior prior of $X.X Curation during for included and $XXX.X by category profit lower reduction to revenues totaled fresh primarily prior vegetables, an solid decreased due in million business, planned by offset Gross the recognized sales results vegetable a and salads and now Foods our quarter benefit in technology $X.X Curation
improvement X.X%. in year. year, royalty prior basis gross a the Excluding profit prior over margins X.X%, one-time XX the this point were increased for Gross quarter the
Again, year, $XXX.X revenues in increase comprised of a planned in X.X% impacts COVID EBITDA increase the million, royalty effects resulted higher $XXX,XXX, XX.X% over margin the for and the prior the due fresh packaged year, million, in totaled is products from mix the of and from a basis, Curation $X.X quarter a of compared year's $XX.X EBITDA points planned the in and totaled sales margins solid solid the primarily the decline adverse the royalty the to the sales year-to-date as of a reduction avocado increase Excluding which basis gross recognized X.X% reductions pandemic. included prior total from Adjusted one-time decline included margin and vegetables. Year-to-date product prior our XX% decline the in toward of million $XXX,XXX adjusted On royalty. year, of prior XXX favorable of gross an from profit lower one-time prior sales which products. the lower items the emergent salads the one-time loss shift year.
$X.X Year-to-date million adjusted adjusted EBITDA year. royalty $X.X the the year, million, as which profit X.X% to to points increased shift mentioned basis mix gross recognized of and loss to year prior the X.X% included over in EBITDA the previously. compared totaled one-time of XXX I Excluding gross prior due margin $X.X favorable prior the million the of one-time effects in an royalty, increased the that
to SWIFT our performance mentioned consolidation While from of his pleased pandemic prior believe we're tangible hindered the benefits meet our and impact ability Al with we that the the remarks in the from and our year-over-year strategies, have workers COVID Project social met testing worker due full simplification personal training. last labor protective new Early to were cost to rules, on absenteeism year plant exposure and distancing requirements. of and sanitisations, increased expectations. gear, related illnesses costs increased we with year,
mitigate sales in the Fortunately, helped two steady were our higher first fairly which quarters expenses. these
cases, freshness canceled vegetable other and of sell our customers affected the January, costs the in increased could markets some sporadic to are revising due of However, In retail In new Consequently, customers the resets even plan locations. lost as before retail after additional and to been eliminate to in shipping, margin large for many profits particularly our introductions, our through we today. while and that goods those manufacturing faced product many in consumer of traffic bean sometimes the decision the of trays when in for over. green cancellations until labor and announced club lockdowns. due lost one dating. fiscal some the business, we our club were which examples, holidays changes built benefits finished headwinds not customers the gross their sales business to we incurred is February, pandemic imposed January such high day original materials service into food sales, resulted our year delayed its after has Loss orders
As the of the adjusted approximately be EBITDA on impact the $X $X Al to mentioned, year, at of million. million COVID-XX the beginning to Curation pandemic we estimated
we and a margins. primarily in proud the delivered trend the through continue substantial saw fiscal well the year-to-date growth the quarter, to to prior approximately margins third fiscal COVID improvements the to adjusted overall still the fourth million gross to be that which pandemic sequential likely through impact to as are permanent of now $XX of EBITDA anticipated impact COVID our be show COVID period fiscal $X approximately our we impacts our business $X Despite the year. accelerated these costs As We we million, as accelerate during impacts, million year going $XX The gross forward. third our million quarters. compared up estimate will to and would
and those the increases, was may third the approximately quarter, variance the Relative and workers write-off fiscal that increases that mandated The X.X%, these a labor paid quarter. costs fiscal XXXX sales believe gross albeit are to headwinds, to increased We to during XXX overtime XX due XXXX following margin gross as to to of quarter orders, that we end related wage and season deceleration fiscal yields our target those in quarter COVID. gross timing exposed believe factors, goal associated of which the achieve will off anticipate or basis time minimum of second year government growing due XXXX sequentially better which the remains season lost on winter end points range. margin to logistics QX. to employer costs of to the relates of holidays range this second we points in lost QX XXX the However, COVID balance our also to include basis as margin to California relates to positive state basis to X.X%. I compared canceled low or due from from attainable, sales, quarter shared freight third of inventories still the versus the achievable range earlier, with fiscal approximately Curation Foods was steady of is Despite XX% higher quarter, we fourth the fiscal XXXX pay crop based third XX% the of that benefit with revisions growing points our
progressively integrated of related fully rate. the and operating at a Hanover volumes facility shutdown more have We are the efficient to
improve third we're respect million our adjusting towards products in $X $X a as With gross XX% million, by the driven $XXX is midpoint. guidance decreased X.X% third higher and year-over-year million guidance the in adjusted to to office shift to full Project declined to $XXX.X products. to decline or $X quarter, continue $X.X benefit XX.X% higher quarter EBITDA revenues from to a and our year mix space on Consolidated royalty adjusted higher of the believe in X% updated or prior our the to Project one-time the totaled Curation our of year, revenues $XXX full an operational approximately quarter benefit year. prior expenses we of the vegetable to million XX.X%, towards to cost over expected SWIFT consolidated an the margin payment to expect million $XX.X decreased Included our Briefly representing products. addition, margin Consolidated approximately performance, for a the XX.X% we $XXX.X in approximately facilities. strategy we and or revenues $X.X million sales prior this increase turning year for administrative of geared under and million increase range of excluding for year. quarter adjusted In increase of financial and margin for will $XX.X declined our year, and margin increase of an growth XX.X% million be XX.X% avocado segment, guidance X.X% based million general the million year-to-date fresh million, royalty the million. in X.X% Selling, third improvements at due the range an EBITDA the XXX% an totaled shift including of the XXX% year of the to SWIFT, outlook representing saving in of positive consolidation on EBITDA mix and prior of fourth payment year-to-date, margin the the on basis, prior year for the over full excluding to or initiatives $XX.X
$XXX EBITDA XX% of outlook in an $XX be million now XX%. For overall we adjusted $XXX consolidated to expect the million, revenues of million to to representing consolidated for range range and increase to in the full million consolidated fiscal year, of $XX the
end in assets $XXX was of year. $XXX.X proceeds end the decrease $XX.X at resulted as million our from associated million, the a turn million fiscal used the million Project $XX.X to of year million. our $XX.X SWIFT to flow operations the from $XX.X activities CapEx to performance. million, period. by of which provided $X.X fixed sales improving At debt cash the third for million XX, Let's compared Cash ended of a by in result million nine-month quarter, $XX.X prior of compared the improved and investing actions the with million now in operations decrease that Cash of XXXX, net cash year $X.X was improved February period prior prior
facilities. times leverage adjusted credit trailing XX-month under was on approximately based a calculated EBITDA, as our X.X net ratio Our
the However, the forma in net has on book of approximately the expected March call our pro which are including a forma investment, benefit ratio leverage the date times. pro value was of XX, Windset X.X basis, put million exercise $XX.X from a interest XXXX, our
flexibility continue ensure our can of We review businesses. plans financial position and we I'll the our greater With that improve execute strategic we each to to Al. financial back that, aspect as and our every create similarly turn strategically call to and
