thank in and all joining business for Jennifer Thanks, you environment. challenging a quarter morning. well Good this us. The executed
Our the center retail store, refrigerator results. had has business terrific
through our chain chain our at most who inventory supply rebuild. we happen. It work business high food appropriate and through employees in rapid gradual all, business recognizing a suffered dedication trade supply curve and demand level. especially service ongoing reduction of this BellRing well are make functioned is demand our with destruction that performed recovering Our it
pulled forward consumer which Our In onto quarter. promoted. retail was and was QX QX surge contrast exceptionally during to retail promotions. a business refrigerated Weetabix slightly is well demand channel brand, Post performed this pre-established
profit level safety compensation profit result, we attractive a employee incremental As at despite saw location. incentive was each This each manufacturing costs business. around conversion in and
from Our for food the increased retail consumption. has business home channel in benefited demand
We continue lesser the degree and into of year fiscal the to through balance expect next. to a this
our Our relatively quarter do meet higher consumer chain was to its this increased challenge value line managers to output. so, Post flex SKUs. This pronounced demand. most productivity supply assortment larger To was this brands, have and number manufacturing enabling in a because which portfolio, of limited of
and normal essentially reestablishing to our are are merchandising manufacturing of close We now program. level a
exceptionally we the the years. ready call to long-term as you business, business. consumers several category has and As about the all and trial know, have benefit the new struggled this grew The the more well to benefit. lockdown. during last expect experience that anticipate lingering of brand turn a have positive recent will eat months will across experience XX% In our rates. generally and BellRing themes their this I known sales to repeat high dollars both in gained Weetabix continued share we the U.K., as households cases but both In two hit detail, consumer will cereal provide intermediate on to We brands in performed the brand well. consumption the Crystal is the that despite category. results and trajectory of costs Farms incremental Weetabix each are and Bob and grew Evans safety Again, financial Above incentives.
half. drawdown as loaded thesis. a a in is First, confirming July strong second This with anticipated, back we last shipments trade inventory quarter previewed the developing very
the XX%. caused for But down our than the return headwinds, we expected demand longer growth reaffirmed revenue. expectation call in The shake us it done guidance curve Second, to consumption to RTD has of EBITDA pre-COVID premier but on-the-go so. consumption we Despite took on-the-go the the grew to year. change
trajectory performance long-term optimistic Like the benefiting Eighth the track. the ahead. some Avenue no missed of a branded small businesses from this consumption near-term our on but about We have opportunities recovery. channel magnitude on concerns is we and is increases. integration acquisition COVID retail the well business, we made about of the implications the We demand consolidation year, Earlier COVID-related remain
in near Our We in saw volume foodservice. remains challenge term the with profitable June. business recovery expectations and line was
will travel in we Demand and continues quick directly weak all government are benefits. mobility. expect service quarter tied to a expect back June quarter the region-by-region, bit consumer Last reasonably coming risk Therefore, the our pandemic-related well, responses and a or education be quarter, bag country largely but fourth revisit certainly have severity the channels, across the lodging the We the I the fully We consumer this segment is expected. to be of lows. certainly to mixed shaped to headline recovery. pandemic service not continue to do not restaurants performance, for reopened, as to potential described full behind, is but affected
the structural so rebuild. the strength about much to the have pandemic. term, us business. correlation cost further operate Separately, taken the demand learned confident near of predict Our mobility between But challenge highly during of reduction of have in decision we in we gives our the supporting this term to cautious more a confidence and a favor is recovery, remain Longer in avoid it shape because channels the how to outlook.
the has food executed While business climate careers. our of our team. quite navigating magnificently business of service well, our I want to most commend extraordinary They're each particularly
volume not expect quarter third well, surge terms the but at fourth to second to buying. quarter, materially we the QX, not In retail the wave over of the absent and improve of approach perform normal of businesses level foodservice but channel
in in anticipate to On results be the we expect of in changes aggregate composition. we BellRing, significant potentially quarter, segment QX its to balance, delivery guidance. For implied the similar with the third
Our remains liquidity high. quite
it million revolver on threw in $XXX $XXX recall cautionary our may measure You a we as down million March.
can approximately respect growing the XXX in million that see were cautious on for were we now to operated supply. We if We assessing quarter, and we continuity that repurchases. or so With potential hand. resume Throughout one had became share ability you have the our capital we balance full drawdown allocation liquidity, of repaid with confidence cash maintain the supply of in of more our interrupted. requirements chains to
with a our to description, hedged businesses be discipline so confidence As with is tempered not more grown, of each into the come the our hard force with up naturally It's this singular In portfolio. construction desire quarter revealed resilience. our best will the The this offensive quarter our has inclination other. I ways, some merely of up but and strength to has neatly capital. to an We opportunity that wrap act.
us in leverage we of results long-term give confidence returns. how further delivery and expectations Our the in appropriate manage our and liquidity risk
is it and year to We I But we our are will Jeff. is turn challenging proud this do With is over that that true a will so. cautious taking to continue as it be continue a business. admittedly is a year, while too the I of nature outlook to most this that
