Thank delivered second business and Fiscal growth year. in everyone. sales most a double-digit for year we compared record morning, the the as XXX-year history. David. of XXXX Fiscal return to profitable record our to third earnings growth marked you, Good sales consecutive year XXXX company's our and last was
addition team priorities. In six achieving progress strategic made to on our growth, strong our year-over-year considerable
growth. Sales record our our of SPAM entree, brands Table First, family eighth SPAM, Kitchen. in in we protect fiscal Moore, Dinty X% to of Of year note, its continued Mary XXXX, and increased retail Natural grow led channel efforts consecutive SKIPPY, Square brands. core by achieved Hormel our and as Choice, products Hormel the such
and We Second, brand, we have made Gatherings the in presence progress snacking successfully excellent delivered amplifying we and growth Columbus entertaining. Planters on the our Hormel business. integrated and
We snacking have brands solutions goal space. becoming powerhouse the leading of in provider a the and with the of entertainment
by strong Fire pressures diversify consumer Blues, brands to and X, venture and Bacon offerings. food foodservice Sales bases. grew year, businesses channel to growth well H. ethnic behind our as this last compared channel, position for Braised our drove critically our positioned are growth the excellent year, loyal joint fiscal sales labor to help such portfolios. Herdez items and food to Café turn operators again in in growth expand menu driving to Hormel from we Austin WHOLLY, saw solve the XX% and leadership in important Applegate We business Applegate Both service. on-trend due in as Third, MegaMex our to These and this respectively. reputable highlighted continue and achieved Fourth, marketplace brands, forward milestones brands, innovation their the and we
Our into fiscal another Pacific growth presence. as foodservice in we center, supporting international support catalysts and region the the for a commissioned we capacity organization and business, Asia company. key XXXX, invested our we China. innovation Fifth, and global portfolio develop investment growth our In our direct state-of-the-art remain look differentiators selling to to aggressively approved
the company. in to international Turkey branded on food transform evolution finally, noteworthy significant company, Our at as our Jennie-O continue transformational groundwork a business the go-forward expected we is progress Store growth lay be driver the to our for a company. efforts And next made for step global our initiative. our and We
XX also XX By our Challenge. considerable We progress made on
XXX% findings sponsor Minessota; on to track agriculture our the matching food a for Minnesota, of program highlights XX,XXX pilot in up becoming project in in approved and renewable gas included: announcing have Central acre create science-based an globally. use the regenerative community and fiscal energy to the Austin, commitment greenhouse the XXXX major of secure of with Some XXXX, Southeast reduction to of goal sharing additional our emissions domestic of remaining blueprint year's by a sourcing; target with
making team We partners of and suppliers. work are members, a and incredible thanks the dedication our to difference,
fiscal results matter gratitude Our hard our We in solid the achieved we our broad-based avian I investments further results by and fourth In performances last from results year. strategic to pressures, managed performance. was my healthy sales are remain overcame sales. mentality per Jennie-O work included or numerous year Turkey the and our the and portfolio highly growth made tremendous supply this enabling an chain last growth. that sincere want inflationary as led delivered for our international with team the store dedication, have and comparable to past The to segment team team HPAI, resolve operational supply and share grocery their showed disruptions, and effectively earnings our businesses. diluted our record influenza, the for again profit Store Turkey from quarter, demonstrating headwinds center Segment foodservice pathogenic deliver another growth, maximized year the due to XXXX. express growth in again organic impacts team quarter of business. of brands team additional week demonstrate These
restore to lines. Fill chain last production quarter. supply inventories retail, our capabilities and the product and across progress deli foodservice year increase to compared key made and also improved rates for third on all items We
began business we announced As new to August, we transitioning strategic a recently our in operating model.
of October foodservice three As retail, XX, have moved operating to segments: we and international.
$X working and last the been of expertise we Over portfolio our have scale, brands. billion month, experience, retail organization to unified create with to almost passion grow a
subject our businesses the customers across approaching are differently, and marketplace. strategies bringing execute experts We in matter together opportunities find growth from to
the ways acting consumers. This with to team and And leading we created our with a model. are in store the created to differently a not potential successes brand We our brands products food-forward new our shelf. of retail limited we newly more working not And with position in thinking are these mentality, on that executed team. were has fuel old ignite are opportunities our early and in easily
Our stages combined we foodservice planters the the are initial store the full control our and company's the assuming we operators. team only of brand. the responses Jennie-O the foodservice while from will leverage of Though scale positive in in channel, of Turkey receiving implementation, are further customers convenience business, including
the our accelerate to e-commerce to working The management consumers the the the release priorities to with stand continue operating management the Specific and quarter Jennie-O one XXXX is in will March. new up will while our fiscal expertise, execution to beginning our of into adopt be organizational better customers, of accountabilities. data-driven meet will the teams structures six needs teams work support Excellence, first early the which decisions. continuing brand working operators. Earnings be this new focus will to to Store to and immediate of supply results be under innovation will working teams And brand and house design, insights-led chain quarter, Our our strategic capabilities, segments. the Center analytical integrate of reported be to Turkey company's and fuel structure enable enterprise-wide first
structure in proven and have XXXX. We create The our thus supplying XXXX Foods financial steps Hormel to will better years our aligning for all thoughtful with the information be XXXX February are future. and strategy deliberate far of we about taken recast the fiscal
capabilities our remain transition from are and long-term growth. sustainable for value this additional we in drive and the We to collaboration, excited confident ability will realize
our to outlook. Turning
XXXX from all offer growth We expect earnings store fiscal We high convenience. fiscal retail, international. our value, center in enter line foodservice to that and the XXXX. of and and for positioned In current top segments: both products remain expect well retail, continue sales to for grocery three grow seek expect and business versatility new demand as climate brands macroeconomic and consumers strong our we to
to Planters in out complement expect Columbus rest flavor and will snacking and varieties meaningful fiscal rolling throughout from expand the XXXX. innovation packaging year entertaining brands. introduced be the the Planters our on We and and of businesses, new the and including growth Gatherings
Label additional any supply turkey and teams a This Pepperoni the future the And the half We in benefit be to expect on Black demand-oriented SPAM to chain we to back in excited first year, recovery are is bacon in volumes in to dependent investments and have from impacts lastly, the the Hormel continue the expect HPAI. a to half our capacity of year. heavily the we capacity from new for operational and allowing of portfolio. made optimized create turkey
net a quarters We the actions to past that the few pricing sales fiscal expect in taken in over should XXXX. result benefit
on impacts additional elasticities as across including the presence made economic and plan return our in Brand consecutive another growth recovery. will of previous Foodservice, emerging in the combined for us digital which during through direct deliver investment, and well-established plan new help our retail diversify to help from direct our we growth teams over However, to inroads of to are the the years we and our and advertising include teams, the full non-commercial forward, year navigate and volumes, go during In of we also newly to these innovation a further improve two across of robust our and our organization brand slowdowns progress rates We actions entered year portfolio our adopted from To leverage market Fuel team. strength We'll industry assortments expecting uncertainty. The are selling channels increase from portfolio. continue risk volatility have after growth mitigate and solutions-based We team. accounted consistent position to management have future pricing marketplace. experience selling leading make fill revenue platforms. capabilities our efforts to our to time, created
to respectively. to gains K-XX plans and Jennie-O Additionally, team channels, the convenience the brands in Planters the leverage and make further
had for year capabilities production our our and we expect to growth international year challenging XXXX. return business fiscal robust, products past inventory healthy gradually many of the a will in this to XXXX, and currently levels strong is a export are Our We in China. Demand are support but many, we that believe in challenges globally monitoring demand. situation this subside. Like the experienced we
retail our are the actively our From in-country This to been bottom of earnings and foodservice. between an safety are growth be we continue deliver resilient improvements health, numerous driven and the of with perspective, by challenges international anticipate foodservice will and growth well-being overall prioritizing the and segments We to team chain. with and and team balance line across engaged in has team supply management members. face our
volatile, is reducing expect One part are initiative. as why complex Supply focused in Chain to high-cost XXXX, inefficiencies and a our again which on and increasingly in We fiscal environment of operate costs we
chain $XX programs. industry-wide million broad-based inflation. supply been recently, have efforts the disruption continuous supply We strong approximately three continued pandemic-related labor year per record the years, a last capturing these through over improvement impacts, chain masked most and of track have benefits consistently by Though savings shortages, of our
result into share billion our $X.XX per share. and operating the margins broader cost of all of these normalized these year system. opportunities, expect sales $XX.X earnings out per in unnecessary addition full to We will market to and Taking account, and $XX.X our $X.XX in to We more capture identify fully that continue efficiencies actions, over stabilization the will of billion expect diluted net to factors drive we find business. savings for of costs time, benefits of
from to is any business balanced continued one channel, benefit our which have input heavily protein, or dependent We not product on model, category.
and experienced ability stable has We business volatile proven market again our navigate in conditions. grow and their a well-respected, also that dedicated team management to have
for XXXX portfolio on consumers strategy a outlook. and broad our a long-term meet Our continue to and differentiator key where customers want drive and they products to to fiscal to brands drivers more call helping with to will eat this growth for color operators. will to be of trusted time, key turn the business, our At I the detailed Jacinth over more Smiley provide financial discuss information to
