us you, Good you our review to joining and quarter. morning. for Jennifer, Thank all thank
million, guidance, cadence I themes and we now the our had quarter. the a to I estimate We key billion the between hit with shortly. of range half $X.XXX expectation with Using QX to $X.XXX midpoints want and our a solid $XXX second which to quarter, with begin entered the fourth skewed billion. outlook, of we will
in is of estimate best second Our flipped third million, $XXX revised the but the quarter. the cadence a midpoint favor half of for
in pull This from adjusted large With forward about the our majority forward million segment. Nutrition the $X pull a respect cadence change, Active resulted vast in EBITDA. of to orders
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smaller to are commodity our of million incurring two totaling $X headwinds million. First, businesses $X
this longer expected. be expect to We but XXXX is in than transitory persisted
the dollar And our minor $X across exchange of These $X on to offset of to excellent added another finally, and million million refrigerated is supply not but chain. the systemic, tighter results. realization cost million around revenue opportunity pressure reduction. the $X weakening Second, rate execution, Weetabix by misses of pound particularly has costs are EBITDA that require segments, some
Consumer repeat strong challenging Post chose Consumption track merchandising ROI flat lapped our not share reached in and solid consumption XX.X%. promotions. dollars and Brands comps faced had a relatively as performance channels support market we to quarter. certain branded low Nonetheless,
to shipments consumption. higher continue Although, moderating,
in oriented We incremental invest profit comprehensive is process. expense, $X aimed best This we at had a of chose to gross million, building gross consulting of a an overhaul mix towards at and cost. more profit profitable but the growth nearly brand planning delivering our
expect overtime. modest and the to benefit XXXX effort to meaningful become We produce more
execution on across a volume and Retail had products well Foodservice strong remain Foods quarter, channels. Synergy Michael across terrific Refrigerated growth track. with businesses and
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sausage our We of think finally, and - the liquid more cheese, both Potatoes, our segment categories and and eggs, more has secondly, eggs. commoditized shell side Bob - Evans dishes, Simply commoditized
continues business with exceptional dish side Our growth.
of brands. potential in lots these have the confidence We for
Our business egg needs innovation. renovation liquid and
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to as million the million transform currently system. $X the underperforming mentioned, for $X system Side to is it. Evans half business year. second transitory I of manufacturing portion we headwinds made-to-forecast we converting a during dish of a made-to-order see of Essentially the this As are from Bob we
IT They're growing legacy plans. for pains, customer improve margin. Bob innovation to will This involves support but ability an Evans and migration our it service,
the XXXX expect benefit We XXXX. in be to fully in develop realized and
Weetabix sales delivered EBITDA. pound meaningful great sterling growth adjusted performance this in quarter, with and
bottom However, by currency Brexit rates basis up QX. impacted the are growth line during preparations gearing points. XXX top approximately fiscal again and
of ahead XX. capital deadline expect of the We to October working rebuild new
pound includes cost The EBITDA approximately currency inventory spot We impact adjusted around in is on XX% repatriate above however, of of to well two reflected on calculate at the rate an next is and the free sterling expect the average incremental $X.XX a modest to of builds. additional translation. rate. dollar, spot cash basis, over mostly This current flow US Brexit years hedged storage we us
track with excellent major growth return shake market on at Active All quarter strong consumption recovered and to XX% previous channels points have Total Nutrition XX%. nearly of and reached high. had an distribution share of reached the shelf all customers XX%. flavors their
reached near forecasts. shake We adequate medium-term safety capacity now to have desired During to growth stock quarter, and the inventories levels. meet our
reengage capacity learned capacity - growth, demand building we in sales leaned have transition, the with over now online. this can more efforts. We During margin aggressively
EBITDA to $X a historical quarter, simply rather as the this QX you fourth the of forward business Looking on third million encourage the rate. result forward, a decline. on cadence evaluate to performance sequential typical pulled lower year-to-date the from a run than recall, based I with quarter. a I will Coupled commented fourth of in
fall track S-X Regarding and upcoming on for submitted and the IPO, we amended a execution. have remain
We the unfolds. will as process provide updates
acquisition pending TreeHouse' our business FTC been of that label cereal has our saw delayed. release press review, private an likely You
the disappointed, transaction and committed expect While to we we reasonably resolution. are a timely remain
much the value my our up looks essentially our in that at wrap To guidance. very observe of line comments, I with XXXX long-term to proposition midpoint end initial would
perfect we continue we to positioned they will of plenty have of growing have EBITDA and It of upon, improve with generally strategic estimate, we to generated Our pleased quite in cash our against but means be and growing the grew, our well the resilience as at excess cash, the generators businesses develop. adjusted execute I'm year, to opportunities a business midpoint X%.
With call that, to I over Jeff. will turn the
