appreciation everyone. towards my Thank about expressing the upbeat quite had the you, want despite a start BellRing and challenges, good by we remain We colleagues some year. Jennifer, our morning successful near-term who transaction. quarter, and to to I work
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with improving, performance the to supply not broader all I chains. Nonetheless, we controllable our in this quarter. continue improving, our potential. conditions distinction pleased transportation firing still are expected in is about shortages create reinforces Meanwhile, our on earning is are are cylinders our is our ingredient manufacturing business labor the because We The and second-half increase periodic thesis. Post-performance manufacturing improving, and make that inefficiencies we controllable face below factories
has early team as flash triage procurement starting with identifying demand the approach at Our points better to planning. moment possible a developed
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business. cost seen Speaking of increases inflation, across have our ramping we
the cost offset but across For segments. the our increases, to the raised timing enabled most the we've prices part, varies
Post-Consumer and interruptions briefly performance. the not solid resulting manage Brands Speaking each segment. perfect both as to it had we supply Again, inefficiencies. was a
the has disruption higher prices. impact well. U.K., more reflected the weakened waters to multi-mill dollar. have Ukraine as consumption. value feeling same the franchise directly stores distribution currency towards we shift headwind price at a will reversed losses food to our related and are of Meanwhile, time, continues exceptionally we challenging energy navigate in distribution key see consumers in in face European pound and in And Weetabix We continuing April. with available against the modest expanded a are
Retail improving Refrigerated is platform nicely. Our
growth resume business as recovered. Our dish side capacity
we brand-building which at We efforts. are resume our of approaching level capacity can a
$XX the have adjusted move towards sausage categories. Obviously, with On in Foodservice our EBITDA the and volatility commodity reflects year-over-year cheese recovery. continues to hand, in other the and million sequential improvement. we struggled both both
exit in influenza of year profitability. spring, to line value-added the slightly the merchants have on EBITDA pathogenic the pre-pandemic avian expect to high This expect of occur run shifted level lower with first since our rate better an with We We to modestly this to business margin products. volumes as we continue XXXX. at seen now higher
have We far farms. depopulated two thus
materially impact expansion the have range exception, costs direct which the prices. not incorporate as EBITDA in Pennington, do mitigate markets adjusted are night, at recent With significant our case. outlook effect. outlook but faster well. than material is events Last acquisitions underwriting Egg more exceeding a post-supply. the numbers we P&L have a performing million. meeting we underperforming We impact affirmed on cereal, supply not All These label loss are and hit our $XXX to of we $XXX higher known working in have to our It to Beaters to XXXX. Pan reflect of albeit the case million priced. begin private expect expectations our Peter quite escalated are synergies does underwriting
were is we expect our shares hold quarter. and this an active terribly accountable right ourselves material not to we these to correct it in time. again buyer this While getting We of
have purchased shares. Since ability spin we now date. we some you, reported to have additional in XXXX, an shares approximately Since had we XX million acquire to our we shares. X.X near repurchased Although the last constraints million
rise. aware are are the that costs all You on borrowing
Our capital structure anticipated this.
and bond Ukraine The ladder in business. impacts well several Our increases us our of on through in capital. positions long-dated cost has fixed-rate to quite manage war the
the not grain the have sell The and Ukraine energy contribute and global Ukraine, Energy of both Trade. and sanctions realized on commodities a to price or potentially Russian threat potential impact countries to Russia availability. into and potential lingering do we will While
significant drives choppy, is gaining encouraging when business for change. where environment I best momentum. it opportunities enormously is because the is perform find While our this we volatility
and and your with your the call morning Jeff. this turn And on find support. I you to will continued such a strategic expect for level. that We both to time the Thank over opportunities tactical
