good Thank Jeff, you, and morning, everyone.
those enough to in for of Jeff Relations, gracious VP leave. while For our maternity of who are you is she was wondering, Rachel, on Investor fill
and on establish delivering I that That like Now while have come of kind line to us enabled the kind consistency away margins simultaneously to us. been our top the our to of some the manufacturing operations we take growth generating that the time. The to business. rapidly reliability from increase you for you beginning expect has are would message in to is we have
know, management. We was capacity generation. you is cash that consumers will If what performance at this would but our year that our while growth operating our within As enable The do it to and a would to objective live continue us our result line cash strong strengthening top our limits, category-leading win. well, do be we describe delivering. will shareholders that and that customers effective we profitability win, and disciplined in outsized are as improvement win more And growth, growth. will rate
sizable margin a margin consecutive expansion and significant operating In growth, flow. cash and QX, of year-on-year EBITDA XXth our we delivered adjusted our XX% gross in quarter adjusted
many reflect now $XXX our consecutive million of many going third quarter the and to row where our long-term adjusted long-term quarter more of is logistics the XXXX sixth this when this better far where financial margin to fact, our we we've In year. than our our wondering generated was target. suspect so cost operating our exceeded are are long-term that a adjust if in goals. gross our And I so target cash of in than early targets flow achievement you or
our we can before see conclude by what the committed. very While improvement are deliver ahead full of don't We sustained we ourselves. we progress, encouraged across more that have we want year get than we want already to to
environment We very particularly out. current also operating see in a mindful we are are that inflation, bit to where would the settle more like a dynamic trends, and time on
we of aren't this to So giving are our Board, deal something with to a great our consultation long-term update thought targets. yet is you we ready in but
call we'll on the guidance. a highlights on a few on key provide then bit results, the will would I more to you now and update like financial Todd detail out from quarter, thinking and our
I very and XX%, growth, in was volume saw volume was the it grew the by quarter. growth. sales net by virtually We HIPPOH's. strong encouraged This am growth penetration to First, our growth particularly of driven due household amongst all we
was the HIPPOH growth penetration year media households our last Recall, was up XX% was sizable more this period, ago and backloaded household investment rate Overall growth year a it gain the in is year. despite than XX%. lapping in
is half due you measure, expect this growth our the change timing. to rate in of long-term that household will penetration, year in lag XX-week So a should the which media the back
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to type service, growth strong lines carefully and years, margins. and to same good net expect new of We robust the apply managing ensure next healthy customer as sales over few media bring investment capacity on that we planning our
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a the end Freshpet total to food digital pet Finally, to a the had Freshpet. believe our stores X,XXX continue that retail more customers to more TDPs, of the fridges. year-to-date new quarter, and of year-to-date, addition committing continue the is distribution space we future and than space and At additional XXX shelf due more of points, and XX% increase second sizable in stores with third fridges retailer-owned than
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meal, main profitable plans, provide KPIs track more an I'll our plans. on Now for more mainstream, update and main we
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on well making also that to gains mainstream. demonstrate are penetration Freshpet household Our our more way we
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of increasingly to on trying much are larger cohort look who We do. and audience attention they create like this focusing our a users
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improvement quality, are and improved but the that profit focus logistics. than and and organizational margin As capability, I of results mentioned input improvement anticipated. we analytics earlier, key increasingly intense we not sooner It our came apparent those had focus improved had becoming in systems working the costs better only expected drivers areas on generating is of than
upside believe capacity. on We expand pleased progress, but you deliver significant would are I an efforts very our time. also there with can over we that also update like this to give to is our
a plans existing expansion key efficiency. we to more new on They implementing per one, X capacity improved maximizing reminder, maximizing of developing that throughput technologies capacity the existing our three, capital line. two, of focus generate X lines; are: our As sites; our and and continue the drivers of throughput
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expect and of in We the bag year. final start to that in Kitchen line in our stages up next are late next QX of South installing
XXXX. at OEE, added our existing the the into have capacity on South and staffing Kitchen Bethlehem, utilization have the lines. focused existing In also of adequate bag increasing so or is capacity We lines that on on team for we'll balance 'XX
that Performance and free it Our a launched of investment years Excellence yield was almost believe unlocked throughput, and in driven sizable gains ago, Freshpet sizable has quality we X capacity. since program amount has
of of team resources The remodeling dry bag on is some the technology and Bethlehem uses That increasing reapplying that believe line accommodate We there is that upside for to second half NS. storage a space in significant in effort Kitchens products. X to remaining the our are program the production we track startup in new is to line the for the also process XXXX. and devote
making is enabled strengthened the In performance organizational summary, at deliver us we focus and productivity I and think analytics growth simultaneously. good can proving strong disciplined we growth and to are gains reliably improved that in result has improved progress capability, profitability. This outsized that of systems our generate operating enhanced
that We believe are of we the is of levels model and capable shareholder returns that increasingly business generating. confident sustain deliver type can this the proprietary we performance Freshpet of
of results our Now the let through me over guidance. to it the QX details Todd turn to Todd? walk and updated
