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facility Idaho construction began American be available spring XXXX. that in and we in will chopped in our line of First, new Falls, form a
in projects China and expansion Second, capacity the we announced major US.
years, lines couple both expect growth. market which next We operational to support us the in to have positioned of well be will
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result, derive value growth As long for the positioned to I'm over we sustainable and well a are term. create that profitable stakeholders our confident
to current operating Now environment. turning the
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strong However, we expect year results slow food lack as category and prior away consumers growth up step it as will purchases. likely home from
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to return we result basis US, XXXX. fry end overall by Outside on a pre run levels calendar that will remain rate a the more it's confident pandemic demand complicated story. of US the As
Europe key the as our in international that improved of the and has a in in demand markets, more has of and much rates. behind result recovery vaccine been US generally uneven availability slower While pace
Overall, continuing and improvement continue demand spread re-imposing will demand. to we vary some expect to and of developed Asia has many to in in out gradual of timing cases and recovery. also COVID of further the delay addition, markets stretched generate pace Europe the volatility lifting, variants has In US governments in outside the the with the in markets increased led social in which restrictions, recovery
in recovery emerging markets to Middle Asia, environment. and longer. East a more respect and our Latin With of pace the cost bit volatile in the expect to chain take and We America, be supply
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levels. incurred year. and the levels consistently network, we'll finished of targeted take yet inventory However, not we return In operating at during as since the sell gradually and operating and first to some the normalized quarter costs fourth will near term, we're half it in realize time our inefficiencies as goods at incremental the across we
lingering forward, ours, economy including chain of all which the recovery across pandemic Going of industries, the has the US in broader sharp the effects costs. operations increased the resulted disrupted has and supply in
be to significant packaging transportation inflation, XXXX. As especially a fiscal result, cost we oils, for input headwind a edible for and expect
goal levers broad began to Our and third foodservice benefit see base a in until end, most quarter. we using And increases segments. our including our offset to is retail price of fiscal of that their pricing. expect combination To just don't implementing the inflation
items. over Before I of turn to the review me Rob, a let call couple
potato the current a words First, few crop. about
to impact negative Northwest. varieties the Pacific a have Pacific the early We on respect it's indications the to temperatures harvest heat did or tell. high that With quality. quality. in early we some early are may the we effect yield expect on the in recent And recently yield negative begun that the not Northwest fall, waves in processing But main potato crop recent have and have too
our We and updates we usual report our provide the second will crop first earnings. on quarter when
have is a at you $XXX support we French announced last new facility Second, in to growth. seen Idaho, we million anticipate add new capacity just £XXX demand the needed be infrastructure mid-XXXX, We well may the fry next modernize which of as production around the line, years capacity. of as as line to starting Falls, The will for of by of will expansion week million American the expect over couple about up an as investment facility. our total
the to summary, long-term team focused near and the in rate customers pandemic recovery by to the this making has it end to in our pre we're to actions year, continue will believe pandemic's the that of getting by term, by navigated in be, XXXX. run the levels, inflation. our on the well yet back impact as taking has in a back I'm been that demand want we the the operating where supporting strategic calendar US proud how costs while of be we're execute And basis improvement So encouraged is remained levels normalized input through a as to on finally, offset not supply chain priorities. pleased continuing towards We're our I'm to and while challenging on while it strong
with couple as four Rob more announced after years we ago, Finally, Weston. a than months retiring be will Lamb of
through organization. up part As setting a global an the class the capital in markets of pandemic. as challenges past company Lamb drove experience instrumental world has his navigated been along the IT insights business, leadership independent creating the and with into Rob growth, valuable been and and voice footprint as broaden Weston of we our manufacturing companies and he's his team, finance With of
serving just CFO hand Rob the has we transition. as before has beginning, As X, the [Indiscernible]. our team Bernadette so succession has Bernadette had leadership since initiatives. after a as The major and the and all planned, on key of expect been Comptroller succeeding from our member been August decisions be a smooth in long a will
So I to And have to Watson Bernadette just new of part fourth with thanks, for that, our review grateful Rob, Lamb here's her family. to results. I'm role. want say being Rob stepping into quarter the
