you Hey, call. thank thanks, Good us quarter joining Chris. and for third morning earnings our on today everyone
and for we're quarter and and then Akshay review results the our open After I reasons positioned call we'll in will more long-term growth. Jerry we well highlights will outlook third detail. review financial that, believe questions. will briefly for the discuss cover operations, our
to increased third year. XX for third Starting to with last quarter, million in our compared as the net million highlights XX.X sales the of quarter financial XX%
year XXX% grew XXX% basis, acceleration stack in basis. half of first growth Third quarter on sales in to XXXX compared a which XXX% is growth an the full same on two-year and the XXXX,
period this our our increased XX% by as unmeasured channel core gains driven expectations. XX% the in The by channel compared generally the in products. measured to in strong or retail year line Sales velocity quarter, prior with grew
and upcoming XXXX. on visibility have secured the channel incremental We promotional distribution unmeasured have and of for the events clear remainder
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further We performance distribution and expansion poultry of distribution. existing strong to XXXX our velocity, first quarter of expect the owing breaded
revenue strong. quarter was Although this growth year-over-year
distribution growth. our revenue with internal by in expectations. pleased X% which below and not are Distribution We was grew our expected in less coming than resulted
growth expectations. was velocity continued primarily by growth, strong to driven which Our exceed
slower now expected than expected note quarter gains revenue the the Retailers quarter, of to taking our now Fourth the quarter third our of towards to for the we XXXX highest sales we to to revenue low-end XXX distribution Owing distribution is strong million. in are and the growth in our fourth of be revenue range are founding. guided be million far seeing since renewed velocities expect quarter. by XXX
our into continue to exceptional trend we wins and three velocity underpin and secured new product growth recently for the XXXX, XXXX. factors baseline outlook two Three expect positive velocity. We have one significant strong
distribution rollouts We nationwide to two as current XX,XXX retailers XXX,XXX wins breaded distribution. poultry secured committing approximate for products, increase new since XXXX. have in large These an XX% including our which incremental last of distribution points of represents quarter, points to XX,XXX of distribution footprint points distribution our compared include approximately
Additionally, secured in expanded club the we have distribution channel.
exceed velocities base for with higher XX% Baseline products. this trending continue new expectations and products quarter significantly our grew to velocities our than
are breaded of the Xx top quartile items our are that performing all based our with velocities business. in Specifically, conventional poultry SKUs
low includes more health and our In the in category the one even are large such top Tyson they meat poultry of at the and wellness impressively, fact, high conventional one in This were producers and Perdue. national items. XX% all as and protein carb number nuggets item frozen week, last retailer, chicken
philosophies innovation distribution that and new of in combined with strong sales growth grew our slate new store aforementioned another per we other confidence business grow discounts. at last call, per The we're base retailers week item $XX this as And On last store performance. sales our and per to gains and was pleased without per XXX will similar we XXXX week million, averaging approximately us $XXX seeing am least approximately of product to solid of representing I that to gives were XX%. week, report
I our what margin on are estimates temporary touch wanted detail. performance will two and speak Jerry this and internal in believe EBITDA missed and disappointing which Akshay headwinds. we was to to this quarter, due more But our to
our from Bolingbrook, the gains this we quarter. margin. to in were is our news facility margin were a in delayed resulting are good on drag on anticipated meaningful seeing quarter. this second, commodity efficiency manufacturing headwinds front The And performance fourth than First, improvements Illinois larger costs
point That this come we being on the to said have cheese impact a margins late in of positive X costs to fourth and bacon significantly and per chicken quarter. down XX expect our as have
still quarter expect to we fourth positive the XXXX. in such, of As adjusted be EBITDA
digit to a lesser EBITDA XXXX. mid commodity lower lower and from range And XXXX, we for the be labor also in in flow costs by expect is As adjusted expected driven positive overhead extent, operations to costs. high and to single cash
take broad is our step and look resonating a Next, health this brand at back current our of the with the how state and wellness positioning let's consumer and addressable market total market, base.
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our call have luxury lose concentration deliver to their foot high-end distribution what during downturns. I'll focused retailers on Additionally, value retailers is that footprint and of traffic economic consumers we low that typically
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followers. Instagram, SMS new total XX,XXX bringing also on over to text IG XXXX added acquired We and subscribers XXX,XXX our followers
believe efficient. a spending. say than on strong of ad We and dollars I continue is followers spark a using and peer-to-peer could marketing authentic our This advertising. use that reflected micro Based to number traditional it's of to we in is creators content the subscribers, and nano returns working better get it's conversations on
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frozen consumers share participate to rather drive foods, appreciate the to truly Real with others. partners retail categories frozen we new how Good grow from than Allowing taking we category in. to the consumers Foods Our new
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now provide and on over an to update call operations Jerry to like Law I'd to the turn broadly. CEO, more our Bolingbrook our
