open fourth today and our the we'll quarter we Good we're joining After review thank call. morning, fourth more call review you will and and well for and [indiscernible]. us long-term questions. our that, on outlook for briefly Thanks, earnings then will operations, Jerry Akshay will the our believe reasons for growth. in cover positioned highlights financial I results detail. quarter everyone, discuss
up over that X-year event profitable net non-core unmeasured on expectations decision last certain quarter measured despite the the in fourth an demonstrates XX%, original acceleration quarters. growth items onetime quarter commitment is year. that our compared to XX% channel on or in action our basis. Sales a channel average the XXX% quarter increased Sales dial X-year pulling X-year approximately was preceding this our the with which $XX.X the trade, retail been to a by back sales fourth would a back to XXX% for were financial to in promotional highlights ultimately margin compared basis, to below X million have This quarter, for as growth. the million sales driven channel on on by were unmeasured a fourth dilutive. our intra-quarter XX% And LTO Starting in grew and $XX.X on increased
Our and to primary TPDs. the expectations with have continue been to XXXX. We're activate retail velocity growth of in this to outperform leverage velocities baseline partners our our able growth new driver
our For is represents for significantly as XXXX, distribution last high-velocity points XXXX, will quarter, wins this distribution implying distribution products retailers. since These will an include XX% including national secured velocities by items. our XX,XXX online. Moreover, sales distribution our growth approximate in new have distribution approximately new be gains for We've distribution that increase which ship expansion our further growth driven year-over-year of at this our XX,XXX to in that incremental footprint. distribution XXXX regional business, comes growth than distribution likely two higher retailers new in several items outpace and large points base
the online late due said new measured of in to the schedules will distribution half come past, back the and XQ XXXX. As in reset we've into channel, this in new item the
As our such, growth is half-weighted. year the back this of shape
unmeasured Now the turning to channel.
two I We There highlight. on are like XXXX important our would meet are exceed on in to the going track things unmeasured or plan. to channel that
into into state is First, the new multibillion-dollar our refrigerated a the a section success. temperature for us entry gives us refrigerated and is This entry category.
in Flautas, of channel. approximately unmeasured and customers is we launched can our of our be one this half the in the U.S. item first found The which year
velocities per the item the to that on that $X,XXX has experiencing for the authorization us launch success We're week, led will Xx category. point in threshold This second the per which exceed distribution April. is of
burrito. The our is second item and jack low-carb, chicken high-protein pepper
view of the growth and also We plan the items providing long-term these years. will expand the in introduce refrigerated protein-based coming months entrees launch and X/X country. to and area's significant We in approximately
to want regarding frozen mention our I channel unmeasured business. topic important second to The relates the food
smart new version, now We proprietary new new X.X, we and our the Creamy we are caused The This shelf, enchilada we investment our XXXX sales our our Poblano decline achieving short-term getting call plan. using currently in but for is quarter, future the and Enchilada a into transitioning the tortilla. transition original which this with are our just as for on velocities. pleased see
in to business with expanded and perform continues Poultry plan. Our on on distribution coming Breaded time
So the provide on we ACV. summarize unmeasured combined annualized that a achieved perspective, to and and additional had XX% in items X basis XXXX, channel
with frozen and authorized three we For of we in annualized to XXXX, category three items one the approximately participate ACV items eight in that combined grew refrigerated. XX%. in different Currently, categories have and
four more For perspective, items than we've never simultaneously. authorized had
and see authorized with growth. and items We the easily to items refrigerated our XXXX achieving for additional opportunities future XXXX plan enchiladas, plan four poultry, an upside breaded flautas for our bacon-wrapped providing
our year are is plan. meeting XXXX full confident this of All to that say we in
our our Baseline channels. velocities to trending continue highlight our products. to want velocities our product higher than exceed for I of all across significantly base products Finally, many new velocities with expectations
Specifically, performing the business. quartile our base in conventional are items breaded all with SKUs top our Xx of velocities are poultry that
$XXX at the XX% our this in representing will nuggets gains, more in impressively, poultry item items, chicken distribution our to velocities were with new low-carb, I category product all that and of And meat gives solid one the producers large but least even grow and in of one fact, million, confidence conventional this retailer, the innovation, more quarter. and detail, Akshay margins wanted The aforementioned high-protein health and Tyson base national growth Perdue. as XX%. number to wellness top frozen combined at they're new In approximately last week. such business touch strong sales this slate we speak of to on Jerry XXXX in another us will includes
fact the margin is is this sequentially Gross which in the best margins were and than noteworthy the our particularly XX% performance is improvement utilized. were X-point achieved XX.X% last about we that a this quarters. while What plants quarter six less this
fourth sequentially XX.X% and XX-point the second the quarter in which Adjusted XX.X%, both for sustainable. cost to of the margins, of impact, environment account were improved normalized quarterly compared capacity commodity best gross company's we margin history. quarter reflect operational believe which utilization 'XX more in and the Margins a performance, adjusted are third in a the improvement
at Cost are down below bacon come their and highs long-term from have for and historical averages. cheese chicken, historical currently or
a to have positive expect hold. costs to XXXX, trends impact XX-point current continue on X assuming margins our We commodity in to
Additionally, facility. efficiency our as improved in our operating gained sequentially we performance new Bolingbrook
expect to in an XXXX even of margins contributor we ramp gains beyond. we to efficiency and to up larger production be As meat demand, continue these
EBITDA $XXX,XXX, was to new below partner. in our loss $X.X of loss distribution third a our expectations, we the a on touch transition seven our from which I sequentially strategic of was a want of loss quarters. million significantly Adjusted 'XX have at decision internal EBITDA quarter the but in the to lowest improved level to incurred was and
of EBITDA. in for basis have It's dividends in $X XXXX. did XXXX this for our margin we cost adjusted transition, or costs million EBITDA, to internal decision it as reduces the but expectations right beyond, exceeded it but pay and will close this our XXX business points of move us would Barring our
As expect be extent, mid-to-high for from in flow a labor, costs, is EBITDA to lower lower utilization lesser the commodity we XXXX, leverage. positive and Cash range expected plant single-digit overhead driven improved operations in adjusted cost better also to by XXXX.
how our a of addressable and and step take our at consumer back brand is let's base. and this broad state wellness market health positioning with Next, total resonating the market, look current the
health wellness that to frozen X-year and the market health growth trading compound to category wellness CAGR. important tends X% subcategory year-over-year food Our more has rate according out health annual total is historically SPINS from as grew eating to addressable and during at about to growing wellness, industry, it frozen performed X% benefit year-over-year. It's from at home. outpace X% to which eating an continues consumers the X-year billion and down overall recessions and $XXX X.X% note with a The well
about food wellness category category. penetration is XX% the as in food penetration across in on health And overall XX% frozen low average frozen XX% even is categories. lower to Also X% and relatively the private than in all at label to compared private to frozen label
private As label the risk within down such, options category lower-priced also to limited. is trade
consumers, foot concentration that value with have Additionally, is footprint and on low traffic economic lose during retailers our their luxury high-end that retailers downturns. we focused deliver distribution to typically
know, size dump of three the many overall to well well are low economic clean evidenced are and brand in our and an high with promise environments. foods these attributes as compete things slowdown Moreover, little growing of recession the growth signs in historically total categories our relevant large claims, their there market. performed protein we above probably sugar, the no growth primary ingredients. All as highly strong has lapping recessionary addressable carb despite considered, with by no frozen the you As of in profile. and/or a remain pandemic Products
brand velocities. and repeat penetration, X ourselves our we for against growth rates, engagement health, indicators: and community household As track social
up That's from months. penetration, Good household in one XXXX. Foods as with approximately to household data has last XX January is the according of Starting X.X% Real means every in numerator the States our The in Xst, households brand purchased X.X%. XX This in January United penetration products of
penetration household indicator resonates $XXX we and of rank penetration how amongst a well all frozen health demonstrates view wellness consumer million this have Increasing future to position our brands brand connected continues over with behind sales. in We base. how retail with second a only as brand household leading Our quickly growth. Amy's, and broad a
XXXX. repeat Turning in November as in continue with XX% X, industry be rates. recent averages trailing to most XX-week the They line data at to of
XX million Regarding Foods growth, digital X Real In outperform. to quarter, organic teams total Good continue impressions the grow community. The fourth generated and our community We social and continue brand over impressions. social to million we online
acquired our subscribers XXX,XXX text total We IG on to followers. XX,XXX also bringing followers Instagram, new over added and XX,XXX SMS
Xx marketing We advertising. Based it's reflected to This strong than creators averaged on on continue and far using conversations followers content dollars spark is and ad peer-to-peer higher parties. authentic than micro working I to measured better nano the a can on and That's we which a by say in get as average. traditional peers of number third spending, of use our to efficient. our believe it's is returns Xx subscribers,
with rather grow drive share new we foods to we than the participate Foods the categories how new category Real taking truly appreciate others. frozen to consumers allowing frozen partners retailer in, Good from consumers to Our
million Our This our but close incremental strong efficiently partners to over our to the in connection achieving for consumers only penetration to for $XXX new These test and brand shelf. for demand greater growth, underpin products our household not before confidence sales launch category on as retail indicators us leads us long-term. well. health enables over they in
innovation. Now moving to
in and XXXX, we're meaningful profitable. enabled strategy can refrigerated that mind, innovation With section. is This capabilities as to consumer be that better fewer, and in we the Our characterized bigger, faster. additive interested means the in plant to to built that growth, new enter us
be second of and shelf XXXX. now flautas high-protein our the low-carb, on in shelf on are burritos Our will quarter
in we of Additionally, introducing plan of the protein-centric set second half new refrigerated solutions a meal on XXXX.
see You this will of as taquitos. the are These the year delivering frozen continue burritos, incremental low-carb us we with accelerating in category large enter growth. and handheld to long-term and sustainable capable platforms expand quesadillas category
items. our new always for We new. low-carb end, also spend uses improvement is that looking continual in Chicken We that Creamy time existing consumer today's what a new introduced tortilla. Poblano innovative an refurbishment recently and To have we of know is Enchilada
a mentioned Additionally, are we last which our we on bun. new sandwiches, formulated rolling call, as breakfast our feature earnings out newly fluffier
turkey the and platform chicken Brie-stuffed bacon-wrapped innovation feature Similarly, including new and will for bacon-wrapped onions cheese our flavor breast. cranberry combinations, [indiscernible] caramelized with holiday, stuffed
is highly we create impact in tirelessly if we a food nutrient foods. while know on team this We society business. to talented, positive have focused a developers and that do that, profitable the craveable work growing of of All massive highlight to will large
I'd Bolingbrook our and now Jerry operations the more to Law, CEO, our turn over like update to an call provide on broadly. to