discuss and earnings quarter to us Jerry Thanks, reasons and long-term questions. Shamari. our believe outlook call. we're today thank and After operations cover results first morning the for will review quarter Good on financial for then call and that, highlights growth. I for in detail. open everyone, we joining well the our briefly Akshay will our we'll will positioned you first review more
were $XX.X quarter events of repeat sales an Growth to the on that impacted Starting timing but basis. two-year with a in million, in basis by stacked negatively promotional half the year-over-year Net boosted last scheduled the the a first of for our sales increase highlights was quarter. are XXXX. first year, of financial XX% on of second
a have by digits distribution these continued up basis, been sales and on baseline year-over-year strong double gains. would issues, Excluding timing transitory driven velocities
retail to in occasions. brand extend grow approximately growth categories grew trailing the our X% quarter new leverage our and average. Baseline compared nine-month the partners velocities, eating promotions, impact velocity which with sequentially of to when of the first able fourth our quarter into the exclude to and this distribution We're
XX.X%, points achieved the about improvement basis that Gross particularly we best last is fact performance quarters. were in in this margins the capacity history. best in plans margin point less noteworthy the were were the XX.X% our sequentially this improvement XXX-basis which eight utilized. than is while is this margin a the XX% in XXX account which quarterly Adjusted adjusted gross sequentially the What quarter, impact utilization margins, company's for
Margins in commodity quarter performance operational costs. the reflect and first improved seasonally low
sequentially, albeit improve should Our operating commodity following continue historical norms, or normal performance to costs expect seasonality. to below more even and at remain we
our revenue we XXXX million XX,XXX channel, products have in represents an We XXXX now new distribution we of of XXXX. to and have In in due ship in a approximately the $XXX incremental the new This remaining aforementioned and over distribution meeting conviction entrees, increase points distribution months. the of least were second secured at recently points grocery XX,XXX in the wins X,XXX XXXX, retailer have approximately January chicken greater that the target footprint. distribution for few set and secured year-over-year our XX% the national at large to approximate weeks includes measured bites burritos, in our of half last to increase authorized with for which points
had our two current compared our also items entrees. the the as a a poultry velocity of gains placement mass previously at our Xx multi-serve as to the discussed These large of placement included rollout section retailer with Asian in in well of national rollout as of the store national June breaded that
come the measured half XXXX. due back in in and the the to quarter the this will As distribution second channel, said new item reset of into we've online in new late past, schedules
the growth starting XXXX. basis measured to shape our rate on second business weighted. such, of year run a the the half potential our of in remains this have back channel half As These double wins
the to unmeasured channel. turning Now
to conviction or three XXXX meet exceed have We our factors. to our strong owing plan in ability
in will item early the the in unmeasured strived big First, since have I report is am pleased quarter. our This in and nationally the XXXX. a milestone breaded late that poultry achieve to that full distribution channel in be third to we launching available
helping for our category sales breaded this and and customers. Our velocity to is category incrementality the poultry expansion grow have earned
such of to due Our our prior Poblano other their full the in Jalapenos strong Bacon-Wrapped Creamy performance have and year Enchiladas earned and also this periods. as back the current distribution in items half
our unprecedented resulting our launched recently in well, and Refrigerated these a And breadth have. of of for is growth stage the items. Burritos offerings Carb expanded distribution to Low and have brand Flautas the momentum Second, of we third, points our performed in
two a have eight and We states. total in across categories authorized of channel this items seven temperature
we unmeasured ACV. annualized Summarized items XXXX, had on that achieved and a perspective. XX% additional basis provide two combined channels In
XX%. annualized in eights we grew XXXX, and items temperature of For Currently, ACV items states. categories have with a two combined to and participate we to seven three authorized
we've authorized more items four For had never than perspective, simultaneously.
strong this of into for working across two our new that temperature to is All say strategy growth is creates expand a states and going forward. predictable durable, foundation to categories
but million, this new of touch once we will to aforementioned combined our this sales $XXX high-level quarter provide up. a at with and least we year approximately grow see the I margins wanted and to distribution growth strong in will speak XX%. confidence rest that in again The to shaping detail, view the base on more Jerry of Akshay how XXXX gains, of velocity business give representing us actually
from down or long-term Costs has below chicken, come averages. are for their and highs currently historical historical bacon cheese, and at
a current trends commodity expect on hold. to assuming impact have positive XXXX, costs continue our to in We X-to-XX-point margins
improve Bolingbrook to to we these a up Additionally, ramp continue in course, production basis facility gains our will margins over efficiency as with quarters. coming to significant beyond. a reported to meet demand, continue expect XXXX our And at we greater on plant be and utilization, of to contributor margins the
with expectations Adjusted our strong loss R&D impact of EBITDA which of and support costs our was agenda. includes second growth in the line was a $X.X significantly in half higher-than-normal million, of
flow high range, to in driven a labor, by expected expect for to be mid- and from operations also positive extent; XXXX. is better improve the overhead adjusted plant As lesser lower costs single-digit XXXX, leverage. in to cost utilization, lower we EBITDA commodity Cash
Next, year-over-year, XX two-year According step state weeks with XX, market health of wellness how wellness let's our base. at $XXX brand the X% broad X% in billion line industry April take current and and total consumer is health grew CAGR. to back the SPINS with positioning ending a and and resonating for the a look the
period, to eating category grew X% the performed frozen XX%, during well two-year same that important as food for has to eating the out home. an to recession compared note the CAGR. more total tends It's down it Over acceleration $XX from benefit billion historically trading frozen at the food category consumers to
food about food is categories of compared at Also even private overall and average across wellness frozen XX% as to category. and lower health XX% all private to relatively category X% and label frozen is of penetration, to frozen that label on low than penetration XX%
limited. is within As category such, down risk private options the lower-priced to label trade
we our focused with economic retailers to consumers, Additionally, their have downturn. distribution concentration the lose is deliver during typically luxury, retailers footprint that high-end that low foot on value traffic and
Our remain large pandemic primary despite we of of these little there a brand are recessionary market. and signs addressable and the foods Products are clean things low ingredients. their highly growth attributes slowdown protein, historically above lapping given well no frozen relevant size with with and three promises overall compete the total no the well to in sugar, growing All carb claims: our growth considered, categories performed bump as a recession, an the evidenced economic environment. and/or by in strong Moreover, profile. high
one has approximately in purchased household brand community ourselves against growth, household from XX This of penetration, months. engagement four XXXX, Foods flat and with approximately past brand United penetration, XX means Real velocity. The our every rate, Good our the December track penetration As March household and in numerator is for in households X.X% products according repeat social health, States Starting indicators: of data as the to X.X%, XXXX. we in
amongst $XXX second behind Amy's, Our household in all to with a million wellness continues and brands brand only over penetration food health retail rank frozen sales.
we published footprint entire of food couple leading perspective, see future broad household X%, in grow back The grows household household base. we with of of and our down a a as peak resonates a can expect years demonstrates a recently growth. quickly penetration X% this how our a penetration of by connect research to report significantly. for view had Jeffrey. half year, consumer our the brand penetration from this position distribution category Increasing how as of to a And We according And indicator ago. well a plant-based
at continue trailing in to they industry of be March recent the XXXX. repeat Turning XX-week data averages line in as rates, with XX% to most
community In to social to first impressions. million the our organic Good and million generated community. Real grow Foods impressions X growth, XXX quarter, continue Regarding online continue over and teams We digital social we total brand outperform.
followers Instagram We our also to total and followers. SMS subscribers XXX,XXX Instagram, on bringing XX,XXX X,XXX text new added acquired over
advertising. it's traditional micro of Based as on that conversations creators Xx better spark nano in and believe is by could on our peers of and using which dollars average. to a content to ad it's higher we peer-to-peer to get I is subscribers, on continue our far This than returns measured working number third Xx than parties, use say and our We efficient. followers marketing reflected the authentic averages strong spending,
appreciate new than partners with how we consumers Real the in truly category Good frozen participate from retailer foods drive rather Food share the Our new we allowing also, to simply consumers taking grow others. categories to frozen to
a good study our means This our largest purchase over retail for confidence for the of incremental were from indicators million in not It in sales the generates my is that well. XX brand growth $XXX prior purchased over seen only These from items long-term. us, only breaded category households health SPINS showed growth but fact, In strong as career. nation's X.X% breaded good I've our weeks. from recent poultry the have in brand households it our not that underpin achieving before poultry partners is in
the Jerry operations to to update now our on an to I'd CEO, broadly. turn Bolingbrook call Law, like provide and our over more