our our then our with your of then results on questions. today. for be third good a finally, and thank our highlights and few on we’ll I’ll discussion touch financial the to our greater CFO, joining third key and for business and happy us afternoon, Katie, priorities detail provide take Peterson, you, quarter Thank brief quarter will Tom overview of a begin you
accelerating and our recover working are our last to focused quarter, business As on inflation-driven we we cost growth outlined aligning increases. while
said are executing we We what call. we since the QX would
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line direction. the sight support are fourth display We improvement sequential have of right in moving in quarter in Hostess’ and good to the
and broadly Importantly, consumer that market sale illustrate are we our need across share results consumer and channels. overall point executing states, of segment
profitable customers that category provides and growth. partner Hostess, also Hostess We where build understand
growth Our incredibly ahead of as growth category. the demonstrates and evidenced it consistently on focused team is by continued
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making we future to the and a positive in headway confident XXXX. we them look in EBITDA improvement the specific have mitigate we at As drivers, are are to that meaningful
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address into me presence our transformation business of to underpenetrated accelerate the value, breakfast Cloverhill segment and in the meaningful channel. growth first. this just recently the add acquired with doing acquired Business the club is We Let and that. vend And it brands
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from pressure with Our expected the quarter margin operational third transformation. reflect mix costs product the results and associated
capital improving next a improve and stabilize time. few most expected operation. the the as be February. work in unplanned much is installation completed efficient to be finalizing meaningful on well months of more instrumental underway the The will to part create capital since as and significant that in tirelessly the projects well completing teams reducing operation downtime This acquisition to are Our waste, and includes
we Importantly, while capital the are and executing customers. business these acquired our projects growing servicing
while our of has extra the the the foundations in but long-term service sometimes in Our growth. for customers never priority costs long-term not potential. short expense to is short-term, sacrificing the resulted – at in This
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into C-store growth adapted our unique for channel concurrently drivers very our this we to partnership addition, Hostess and successful from program channel. adjusted the grocery In
are to we of emphasizing – approximate products, SKUs including portfolio deliver increased optimize this our profitability. emphasizing and the proactive mix are evaluation We of
excited Hostess’ margin, are rollout fuel about our product velocity We set the highest to best valuable of most sales of SKUs.
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We actively drive cost and evaluating our achieve to improve operations down to ways are efficiencies. also
important be this these environment. as capabilities will through of All navigate we inflationary
for innovation. Hostess. Innovation to continue to turn me catalyst let will growth be a Now,
We three areas: innovation key on innovation into and focused are premium core, adjacencies. our Innovating
customers and emphasizes leverage Our for is brand’s our lists We strength expand the believe power large supported highly products on core and to flavors iconic our display. by brand Hostess innovation core. new of profitable the
platform. our to We focusing consumers innovation Bakery snacking attract are we higher premium an points at Petites have our premium with also done price like new effort energy in on
the flavors excited dollar as are Delights, to platform. caramel, as the and continue We quarter distribution build as well two out of launch Bakery and to Petites our club strawberry fourth into we this new in channels Cake expand of
consumer and and new Bakery Lastly, and and peanut are for segments key our new the to to expand Petites working we highly to NUTTY Hostess-branded extendable. new Donettes our platforms bars Hostess TOTALLY Hostess wafer both we incremental are incremental to Danish, breakfast like growth They with growth. butter business drive doing are are other products. Jumbo
as innovation. We potential at for acquisitions new path strategic are also another continuously looking
a will revitalize Hostess innovation as disrupt and remain forward, product in underserved categories. Going we leader
at customer sales; current around on we relationships; over are and development months, conclusion, optimize more to track into of drive the have have experienced Hostess. our sharpened the Cloverhill capabilities and of past to breakfast we have few our market integration strengthened gained consumer, inform accelerated the precision upon our and penetration in pricing and insights in and we So we tools customer portfolio as platforms with our Business; have segment we talented the and technology the enhanced transformation product flexibility innovation decision-making; added we through have team our to and we the incremental build our
our the operating I XXXX, strategies well The as position is results. deliver will products our look strength innovation shareholders. with value our to across our brand low-cost into As compelling Hostess multiple deliver well sustainable confident team sales strategic for our merchandising and core and that channels, results both fundamental effort as us of energized model and
go it I’ll Now, Tom quarter. to details through the of turn to over the who’s going
