Scott joining our morning call thank the With Chief is Good me and Financial on today. us for you Officer. Huckins,
takeaways results, me the unpacking begin we Before first offer from several quarter. let key the
First, in it our did of plant-based fruit strategy all EBITDA in of in growth focusing as QX, on year. continued margin strong and top-line growth growth to fuel last
reflecting remains one and Second, number continues leadership the trend. be steady plant-based top-line as strong, in food our demand, to beverages, global momentum business plant-based capacity consumer our position ongoing expansion in the
drive continues solid in productivity on Third, our focus business fruit-based to margin expansion. our
results. with XX to the team performance and great we investing the is everything excel Execution talent, strong team around high-performance units, have accountable excellence, delivering a Lastly, at we business operational which our last creating have and and team winning and together a instrumental driving building to made in know are ties efforts culture fueling consistently culture been our critical in business. in months continues all
plant-based rapidly, fruit-based as adjusted largely largely by double-digit was and fruit, The first of grow growth with planned played top-line improving in out in expected, XX% revenue Total plant-based of growth continuing in million revenues offset to $XXX.X year EBITDA. resulting transformation quarter comprised aggregate and revenue XXXX. very in and flat $XX.X rationalization strong margins of XX.X% Compared QX, and XXXX, board. were million of XXX that margin by saw compared of pre-COVID to QX XX.X% grew operations improved ago to EBITDA to our across to continued revenue. XX.X% QX or a levels points gross the basis plus to adjusted X.X% sales
fully productive there. plant Santa year. commissioned under closed having are of QX in a Maria we which additions of to fruit in We Pennsylvania, production on plant-based on dial Allentown, capacity three latest of online in We expansion And year. our be Mexico in budget this project continue we in our in in schedule. made and operations strawberry good came the QX fruit on ahead expanded progress to We season processing that schedule last is and
which We of cover are Los in closure more also in fruit executing in few Angeles, we the plant minutes. ingredients a our detail will
stronger operational continues to position. the pace in our transformation impact stronger a Next, put and company the of and
pleased and with long-term product fences exit our current We additional quality, that development progress. unparalleled our at technical and XXXX Our I capacity we success. strive continue new to oat operating our ramp ring am significantly, was to unrivaled extraction to Overall, oat These and will capacity we continue combination us capacity with we gives added as advantage, service, existing capability provide customers. support. we an business innovation the up our customers of our five effectively well a cost, new utilized. to grow think competitive and as unique with are is revenue pace, to up believe And critical
on from Hain a Dream for weeks from the comment Celestrial $XX me acquisition brands let the couple Now announcement of ago million. WestSoy the and on of
this was for acquisition simple. rationale Our
First, this seeing the acquisition, and all We them an Dream as attractively, the to supply half of to advantages. is we equity-based element we there our manufacture believe were brand on product opportunistic given have acquire brands approximately products what currently line. these chain believe able of WestSoy we're significant and
the important rice XX% to produce is of from for that are soy brands is It and product formats is we materially opportunity Therefore, we of our either benefit customer. these line, plants. don't any loyal benefit Second currently of is the compete in and in-source we produce. also that and Dream WestSoy to don't to don't absorption Dream these understand have understand existing co-man shoppers to type other important plant-based milk the XXX% fairly customers. It one gaining milk. milk half we margin with
for reduces that the conflict. also So potential
perspective, financial forecast incremental is and in-sourcing a million from million add of volumes. all million we XXXX, million next these $X $X Finally, to incremental the year complete of that brands, $XX of when in $XX will revenue our to EBITDA,
Our current needed realize are Dream priorities synergies, with manage transition the capabilities and to brands. to business and build in-sourcing the WestSoy the these
results. segment our to Turning
To plant-based roughly where our consumer in positioned business. were remain is was XX% of of demand the increase capture company in was The extremely our on this the Let Both quarter XX%. share additional We revenue into plant-based QX in compared XX.X% a well growth, on XXXX, revenue category, product up history. me quarter our And with top QX, quarter surging. first plant-based basis. year-over-year offerings factor to of of were perspective, in key increase put XXXX XXXX. highest based growth first this a plant-based delivering a the our revenues half in start with
We beverages during sales plant-based of the also benefited volumes first increased retail from other quarter.
under are brand pleased to SOWN name, the with velocity milk organic year. last we late a to of I offer, creamer, While significant would contributor not growth our quarter, this revenue sales the launched like oat
to flat. to down XXXX, marginally we points XX.X%, ago, in We this only In overlapping to focused continue brand. XXXX velocities, planned experienced a with build basis year addition initial strong this Gross customers a margin advantaged we plant-based two frozen as sales XX the emphasis for was more to in due and also distribution margin from our and revenues costs. customer the we snacks, rationalization added revenue These transportation in the offset ingredients, continued expense, productivity. In of of and overlap in fruit the SKU were mostly segment, by COVID headwinds, fruit business, put associated with on down XX%, negatives COVID were as and business. SKUs. plant was expansion in fruit surge absorbed depreciation improvements tailwind first in rationalization affecting quarter initial and Compared the basically fruit profitable increased
discussed have the business. we fruit we As are past, executing in frozen strategies the three derisk to
diversification supply, Mexico's In we progress. made have as geographic QX, And XXXX. to of strawberry plus America sourced times XX% production we South is much significant where fruit from is year-to-date, XXXX. First three as
Second with our and pricing courage is pricing mechanisms customers.
confidently now are of We inflation. in business, on can this with cost where pass a majority the position we
looking fruit. in build California more grower more to better the of are to momentum out source than sourced on and we of we XX% Third, of fruit In the that available XXXX, XXXX. XXXX available in relations
has growers weather is may to for off of the margins the in with and the was no as to beautifully strategic this for frozen. Gross XXX cool the fresh impact. are the basis big demand All freezer a better year during story fortuitous, versus slow fruit-based X.X%. quarter. increased California business margin market in how fruit kept Consistent season comes priorities, fresh points our strong the we last prove prepared to season as improving switching versus our start manage growing in Net-net, over the to matter first
factors on growth, this had June. Some intended planned that In fruit-based California of plant sales closure first rationalization in exiting process expected fruit improvements. South snack productivity quarter the mid-April, margins, of the we and with impact the including the ingredient Gate positive planned began reduced our also fruit
older the represents and plan for margin was some other volume facility Our to closure within its that migrate us. plants It another is a of network. small to opportunity
As XXXX. a revenue in turn cost-advantaged firmly we are have strategic are we priorities we more stated, to business a the across in our expecting high and to to level executing at consistently summary, position target as fruit In on growth want XXXX organization.
future. fruit-based categories the growth, we to revenue position our margins adjusted Over operational continued increasing about EBITDA. sharp my underscore and in prioritize CPG SunOpta's strong and on fastest-growing excellence plant-based near-term, continue of optimism the focus some
multiple sheet remains and a earnest of Capacity robust existing providing strong, the is future. opportunities new our foreseeable balance pipeline supporting long and growth drivers of with business customers. expansion capable runway in continues Our new for
two XXXX brand as and believe seek of additive food. that and remain and deliver team starting just our M&A the profitability. will playbook the strategic we to with recent of fuel sales are outlook and we well to strategy to Finally, to to completion our future our committed as are continue add as the previous to We we opportunistic acquisitions
over the financials. us to rest take to Scott call Scott? I'll the turn the Now through of
