morning, first our Good for Melissa. quarter fiscal everyone, and you earnings call. thank joining Thanks, 'XX
to here more industry-wide has the is from dynamics the volume start but want the away consumer behavior in will our with board. an behavior this ultimately, across At shortly, take elongated recovery X. across reflected I shown line industry, you cover presentation in level, QX clearly our top period Slide impacted this we what detail which have Let's shift results. macro on
proud navigated growth. EPS the As quarter macro team margin I'm we've and improvement of of dynamics, these for strong delivering another
the quarter in to our shareholders. our investing strengthen ratio balance while continued also during business improving We cash and sheet our to returning leverage
during as exited pre-pandemic levels supported execution we the chain a quarter, team's strong hitting recovery Our supply QX. service
disciplined volumes support through year, to merchandising the of growth work strong investments the and for innovation. our behind line top continued prudent drive Looking towards and targeted and will remainder we
fiscal we a we Finally, people reaffirming agility consumer and our our as plans, shifting environment. navigate for 'XX, reflecting in guidance confidence are
a their a inflation, been changes. changes recovery to in along the variety As This to X years the to for be near-term elongated unprecedented work. behavior of seen consumer a increased expect of to After macro have financial dynamics, has and in I moment consumers these behavior sheet. ago, and near-term volume purchase timetable temporary. felt due used with before other behaviors across mentioned industry budgets make their We've their this of in stretch shifts resulted order strategies like reprioritization also balance near-term typical pressure
this fact, is already recent suggest trends underway. In
me more bit color of the shifts a Let on kinds behavioral we've observed. provide
as to same food even in reduction a act the of their help X industry. consumers within elongated leftovers. the these many, shift, for at everyone meals eat sort items, the now, spend shifts actively will Consumers purchases the down with As travel, you've typically food a have And as to reducing more exception shifted have convenience-oriented been hands-on lagged they've discretionary been to not the prep of have top time surprisingly, priority household have have also bang for inventory remnant a if across use not for Slide seen board. recovery their and code one the meals turned additional from in across shoppers this, for summer get these they buck. Collectively, as demonstrates done food, of last from the some volume time cheat notable almost pandemic.
Within behavior consumer home to short-term I is wasted increase to together.
And an mention at means. the
pack. of peer period volume the in band ending tight August was through As very entire within middle group performance the XX, with the you the can X-week see, Conagra showing a
our Slide ago, I trends a that X. results on let's As the backdrop, signs performance.
With first showing mentioned more of are into recent minute improved dive shown
recovery points a basis organic Adjusted margin from the billion, compared year further which performance can we've slower of earnings last sales XX% $X.X line is gross XXX last see down year discussed. year. in our by flat our retail As quarter, as volume Adjusted can of up on domain top points into we operating was year. the to XX, almost domain, basis XX.X% sales compared was XXX last slightly and up prior of approximately of see, to XX.X% net that versus last adjusted delivered year.
Diving you were $X.XX per increased of compared margin to you the Staples share Slide result in
canned on tomatoes unit our to XX. as microwave brands. consumers as unit has respond as compared and popcorn continue and stretchable to are domain our positioned As grow, macro categories Slide more continued shift share ready-to-eat canned to share We're consumers building well staples have snacks pudding headwinds, gel toward meals, shown to last Chili our gained such and the positively year.
Despite and
a XX, behavior domain impacted headwinds at Slide in see that you significantly recent our in consumer particularly been has moment Looking like shifts ago. discussed most can frozen by single-serve meals, the the we given areas
noting the worth few As it's a at look points. domain, we frozen key
demonstrates brands. despite on First, volume, meals. in strength to like unit important continue This recent gain relative single-serve and share the dynamic categories position strong we frozen impact the of our
performance the properly within broader represent frozen year-over-year do the trend food. not Second, figures
In for years. why the a we which been This Conagra's in rely is on. the of the sales central the ingredients. role is foods CAGR growing the every over the temporary. categories of Its tier providing in consumption demonstrates long-term of This by believe to sustained well at-home fact, been fueled This XX top in consumer as quality convenience in have for addition X% if past and is have retail that look occasion, has increased increasingly high-quality frozen consumers to expansion plays softness over the current has one as XX-year XX%.
Frozen innovation critical in-home consumption. period, frozen XX-year come you trend demand convenient, foods fastest-growing meals
performance Turning back levels. to service advance to our to the continue that us our to Slide to initiatives share supply during I'm pre-pandemic pleased return XX. we allowing quarter, chain
as on track, and remain the productivity to and fiscal outlined Our the rest Slide strong XX. year, during recovery 'XX.
That's for the capitalize our on action of of key maintain piece initiatives remainder on a plan this we of plan
focused debt top brand. to our on behind line, A&P addition targeted our Help continue make ROI will the continue on Conagra our leverage and to disciplined execution, we net our drive ratio. improving quality, high also chain we protect we're Way We'll to our our support share executing investing investments In brands. merchandising prioritize and supply and reducing playbook to behind focus as and ongoing
to of EPS over between our 'XX. of remain reaffirming to last shared to X% and Dave $X.XX the people compared are we quarter, sales organic we navigate in 'XX plans, shifting We XX.X% that, fiscal pass fiscal adjusted We net as that operating more confident margin growth XX% consumer approximately agility $X.XX. our to in financials guidance and detail. the cover Overall, call including we I'll this to adjusted to continue environment.
With