everyone. good Thanks Tom morning and
growth restaurant As navigate Tom pleased demand over operating pricing generated we discussed channels mitigation actions and actions. have through we're in service us profitable cost and pricing quarter. environment to growth, difficult believe progress sustainable food strong the and and to and in We North positioned the our drove sales our long-term. support America, across implemented We this with solid our
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of our continued long-term we outlook, growth in to fiscal mix anticipate will in as be mid-single-digits. quarter of announced price pricing segments that we up continues we sequentially XXXX be to third previously our the In low X% to versus Now to build. updated quarter core product of expect in second each target the actions benefit our turning above year a sales increase full to the delivered our
delivered near-term sequentially we the macro industry on supply versus continue storages quarter of volume growth and will to decelerate variants rates a in and of COVID impact in in the and restaurant that constraints will expect export and throughput traffic We chain result X% factories, and as quarter production logistics challenges domestic the affect that the the second third labor affect disruptions and our run shipments. global both demand, container
second to We deceleration expect the net begin respect volume we earnings quarter the we comparisons the some inflation SG&A and inputs XXXX, ventures expenses. EBITDA including prior significantly for higher crop, as the pressured adjusted higher in be key double-digit poor expect freight fiscal through and year of joint costs potato resulting of reflecting year. higher income production to and continue lap the With will fourth further from half from in to the
that of previous reasons. points XX% implying our gross to to to a full outlook. We That's of our to expect in XXX from XX% For change of basis narrowed XXX our we margin margin pre-pandemic XX%, we the a below rate range the range target for XX% provided range the number year XX%. a be will XX%
and in pace the the product and price implementing freight we about are market. that of confident execution increases the we're First,
the savings to our that the operations made mitigation and Second, to upon incremental drive initiatives. chain quarter stabilize build supply we in our progress behind cost expect second we
the the persist and be greater potato that costs macro poor likely in we reflecting improvement clarity the continue market And net fiscal cost our year’s run this However, crop. challenges expect broader XXXX. facing throughput, through we labor will gradual, on exceptionally from third, the impact to that will have rate,
XXXX. full to to realize second in of crop poor financial continue impact through fiscal of most this reminder, and year's potato will quarter will of As its a the the begin quarter, third effect realize the
higher Equity $XXX input gross we our million quarters the ERP low margins second remain $XXX new as up expenses to in expect we pressured and will to third the due Europe our SG&A and to inflation design likely cost to project. to in manufacturing costs million For and both earnings the begin step phase fourth of U.S.
be be notes approximately redemption to million, the expense million quarter. senior in $XXX interest to previously $XXX approximately associated costs with million. of of the our expect interest excluding estimated $XX We We the the second expense
amortization million effective approximately depreciation remains estimates of $XXX expense unchanged. Our $XXX expenditures capital and of and for approximately million XX%, of tax approximately rates total and
benefit So through previous our sales pricing the poor cost of in very us the in And the clarity in rates. our sum, XXXX gross quarter. be actions we continue the to we other to top outlook improvement crop. impact with narrow target seeing target with our and fiscal Along above on net mitigation and of of have growth our margin drove manage enough in will we're margin actions our pricing which for we're low the sales line finally, sequential initiatives, track to cost mid-single-digits, positioning gross to and expect our long-term our
here's Now, some for comments. closing Tom
